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Transaction covers all of Equinor’s operated and non-operated acreage, totaling 242,000 net acres, and associated midstream assets in the Bakken. “Equinor is optimizing its oil and gas portfolio to strengthen profitability and make it more robust for the future,” says Anders Opedal, president and chief executive officer of Equinor. The effective date of the transaction is 1 January 2021. Closing is subject to the satisfaction of customary conditions, including authority approvals.