Equinor Exits Ireland with Sale of Gas Field Stake

Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion for a consideration of $434 million.

Hart Energy Staff
Equinor Exits Ireland with Sale of Gas Field Stake

Norway's Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion Energy Inc., the Norwegian oil firm said on Nov. 29, putting an end to its activities in Ireland.

Equinor and Vermilion have agreed a consideration of $434 million for the sale, before closing adjustment, with an effective date set Jan. 1, 2022.

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