Equinor sells stakes in 2 Norway fields to Sval Energi
BY Reuters — 2:13 AM ET 05/10/2022
OSLO, May 10 (Reuters) - Norwegian oil major Equinor (EQNR)
said on Tuesday it had agreed to sell its 7.6% stake
in Norway's giant Ekofisk field as well as a 19% stake in the
Martin Linge field to private equity-backed Sval Energi.
"The agreement includes a cash consideration of $1 billion
and a contingent payment structure linked to realised oil and
gas prices for both assets for 2022 and 2023," Equinor (EQNR) said in a
statement.
(Reporting by Terje Solsvik, editing by Gwladys Fouche)