Equinor Completes Sales of Two Non-core NCS Assets

Source Press Release
Company Equinor ASAAker BP ASAPGNiG SA 
Tags Asset Deals, Deals, Upstream Activities
Date December 28, 2018

Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018.

The first sale, of a 77.8% operated interest in the King Lear discovery to Aker BP, was for a total of USD 250 million.

The second, of non-operated interests of 42.38% in the Tommeliten Unit (PL044 TA) and 30% in PL044 to PGNiG, was for a total of USD 220 million.

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