State-controlled Norwegian oil company Equinor has moved to “fully align” its interests in the Carcara area in Brazil’s pre-salt Santos basin after signing a $379 million asset purchase deal with local independent Barra Energia.
The deal will see Oslo-listed Equinor take all of Barra’s 10% stake in BM-S-8, upping the operator’s interest from 36.5% to 46.5%, at least temporarily.
Once the deal closes, Equinor will hand on 3.5%
