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Reported Earlier, Equinor Sells Peregrino Field Stake To PRIO For $3.5B, Handing Over Operatorship

Benzinga·05/02/2025 05:52:26
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PRIO, Brazil's largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction. The final cash payment will reflect the closing date and any deductions generated by the asset since the effective date, which is 1 January 2024.

Equinor will be responsible for operations of the field until closing of the transaction, after which PRIO will take over operatorship.