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Equinor completes transaction with Petrobras
June 16, 2018
Source: UPI

Equinor completes transaction with Petrobras

Norwegian oil major, Equinor, has completed the transaction for a 25% stake in the Roncador oil field, offshore Brazilian coast. The $2 billion deal was announced in December, and included $550 million in contingent payments for projects meant to boost field recovery. Equinor is looking forward to increase its equity production in Brazil to around 100,000 boe per day.

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