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Equinor concludes acquisition of Shell’s stake in Caesar Tonga
Aug. 20, 2019
Source: Equinor

Equinor concludes acquisition of Shell’s stake in Caesar Tonga

Norwegian oil major, Equinor has concluded the acquisition of Shell’s stake in the Caesar Tonga oil field. The acquisition has increased Equinor’s interest in the field to 46%. The operatorship of the field remains with Anadarko Petroleum, with a 33.75% interest, while Chevron owns a 20.25% interest. The deal between Equinor and Shell which was first announced in May 2019, recently received approval from the Bureau of Ocean Energy Management.

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