Oil company Equinor just made a million-dollar deal with Swedish Lundin Petroleum.
The deal includes that the company, formerly known as Statoil, divests 16 percent of its stake in Lundin to the company in exchange for increased direct ownership in the large oil field Johan Sverdrup on the Norwegian continental shelf. Equinor gets 2.6 percent more of the Johan Sverdrup field as well as a USD 650 million cash payment, writes Equinor in a press release.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.