EQNR - Equinor Swaps Assets for Streamlined Norway Operations | Benzinga
Equinor ASA (NYSE:EQNR) inked a value-neutral asset swap agreement with Norwegian state-owned oil firm Petoro in the Haltenbanken region.
As per the terms, Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.
Heidrun and Tyrihans are two of the largest producing fields in the Halten area in the Norwegian Sea.
Currently, Equinor holds a low equity interest in the Heidrun field of 13.0%, while Petoro has an equity interest of 57.8%.
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