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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

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