STAVANGER (dpa-AFX) - Equinor Brasil Energia Ltda., a subsidiary of Equinor (EQNR), agreed to sell its 60% operated interest in the Peregrino field in Brazil to a Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA.
PRIO, Brazil's largest independent oil and gas company, will pay a consideration of US$3.35 billion and a maximum of US$150 million in interest to Equinor for the transaction.
Equinor will be responsible for operations of the field until closing of the transaction, after which PRIO will take over operatorship.
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