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Equinor to farm out stakes in Lundin Petroleum
July 8, 2019
Source: Reuters

Equinor to farm out stakes in Lundin Petroleum

Norwegian energy major, Equinor ASA yesterday informed about its plans of divesting 16% of its interests in Lundin Petroleum for approximately $1.56 billion. Equinor holds about $54.5 million in Lundin. The firm will also increase its direct ownership share in the Johan Sverdrup field by 2.6%, for a cash consideration of $910 million.

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