Divestment of Eagle Ford
Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas.
The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture with Repsol, covering 69,000 net acres. Following this transaction Repsol will have a 100% interest in the asset.
The the effective date of the transaction is 1 October 2019 and the transaction is expected to close by the end of 2019.
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