Equinor and partners fully align interests in the Carcará oil discovery in Brazil
Equinor and Barra Energia (“Barra”) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million.
Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions previously announced on 4 July on terms equivalent to those for the Barra transaction.
As a result, Equinor’s and its partners’ interests across the two licences for the Carcará area are fully aligned.
BM-S-8 (after closing of transaction with Barra)
BM-S-8 (after closing of transactions with ExxonMobil and Galp)
Carcará North
Equinor
46.5% (operator)
40% (operator)
40% (operator)
ExxonMobil
36.5%
40%
40%
Galp
17%
20%
20%
Source: Equinor
Published: 19-06-2019
