Equinor has agreed to acquire Barraâs 10% in the BM-S-008 licence in the Santos Basin for USD 379 MM, thus enabling Equinor and partners to better align interests across the 2 licences for the CarcarÃ¡ area (BM-S-008 and CarcarÃ¡ North). Upon closing, Equinor intends to sell 3.5% to ExxonMobil and 3% to Galp, so fully aligning interests across BM-S-008 and CarcarÃ¡ North (Equinor 40%, Exxon 40%, Galp 2â%). Equinor operates both and plans to deliver 1st oil between in 2023-24. Map extract below courtesy Equinor.
Equinor has upped (->46,5%) its stake in the BS-S-8 block - part of the Carcara area after buying out minority stakeholder Barra Energia for US$379 MM.