Equinor Exits Nigeria & Azerbaijan With $2B Asset Divestments
In Azerbaijan, Equinor divested a 7.27% interest in the Azeri Chirag Gunashli field, an 8.71% stake in the Baku-Tbilisi-Ceyhan pipeline and a 50% interest in the Karabagh project.
Equinor completes Nigeria, Azerbaijan asset sales of up to $2 …
3 days ago · Equinor has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration of up to $2 billion, completing exits from the two countries after some 30 years, the ...
Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales
2 days ago · In Azerbaijan, the Norwegian firm sold its shares of 7.27% in Azeri Chirag Gunashli (ACG) with 6.655% to SOCAR (State Oil Company of Azerbaijan) and 0.615% to India’s ONGC. Equinor also sold it ...
Equinor concludes operations in Azerbaijan and Nigeria
2 days ago · Equinor has officially ended its activities in Azerbaijan and Nigeria following agreements signed on November 29 and December 6, respectively, Azernews reports. Philippe Mathieu, Equinor’s Executive Vice President for International Exploration and Production, underscored the strategic significance of these moves.
Equinor Wraps Up $2 Billion Asset Sale, Streamlining Global
2 days ago · Zinger Key Points. Equinor sold its upstream assets in Azerbaijan and Nigeria for up to $2 billion. Sale aligns with Equinor's strategy to optimize its oil and gas portfolio and boost cash flow.
Equinor sells its interests in Azerbaijan
Dec 22, 2023 · Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR. On 29 November 2024 the transaction under the amended and restated Sales and Purchase Agreement for Azeri Chirag Gunashli (ACG) and Baku-Tbilisi-Ceyhan (BTC) was completed.
Equinor finalizes $2 billion asset sales in Nigeria and Azerbaijan
2 days ago · In Azerbaijan, Equinor divested a 7.27% stake in the Azeri Chirag Gunashli (ACG) field, an 8.71% stake in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, and a 50% stake in the Karabagh project. These assets were sold to Azerbaijan's SOCAR and India's ONGC for a combined total of $745 million.
Equinor Completes Nigeria, Azerbaijan Asset Sales of Up to $2 …
3 days ago · Equinor’s net production in Azerbaijan and Nigeria averaged 24,600 and 17,700 barrels of oil equivalent per day (boed), respectively, during the first three quarters of 2024. ... EnergyNow.com is an energy news media service dedicated to providing information on the U.S. energy sector's latest news, technology, innovations, commentaries ...
Equinor Exits Nigeria and Azerbaijan in $2B Oil and Gas Assets Sale
2 days ago · Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on November 29, and December 6, respectively.
Equinor finalises exit from Azerbaijan and Nigeria’s upstream …
2 days ago · Equinor's average equity production from the assets in Azerbaijan and Nigeria was 24,600 barrels of oil per day (bopd) and 18,700bopd, respectively, in the first three quarters of 2024.
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