Equinor agrees $1bn Norwegian asset sale to Sval
The Norwegian state company will also receive additional payments based on oil and gas prices over the next two years.
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The Norwegian state company will also receive additional payments based on oil and gas prices over the next two years.
Norwegian state-owned giant Equinor and its compatriot Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share (19 per cent) in the Martin Linge field, both located in the North Sea offshore Norway.
Equinor has agreed to sell its stakes in two oil and gas fields in the Norwegian North Sea to private equity-backed Sval Energi.
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