Equinor To Sell 16% Shares It Holds In Lundin Petroleum For About $1.56 Billion

Transaction Type
Buyers
Basin
North Sea; Norway
Field
Johan Sverdrup
Announce Date
Post Date
Estimated Price
$1,560.0MM
Description

To buy an additional 2.6% direct ownership share in the Johan Sverdrup oil field, located in the North Sea offshore Norway, in exchange for the divestment of a 16% shareholding in Lundin. (Expected to close 4Q 2019)