02 Feb Equinor completes sale of Argentina onshore assets
(Oilandgaspress) -] Equinor has signed an agreement with Vista Energy to divest its full onshore position in Argentina’s Vaca Muerta basin. The transaction includes Equinor’s 30% non-operated interest in the Bandurria Sur asset and its 50% non-operated interest in the Bajo del Toro asset. Equinor’s Argentinian offshore acreage is not affected by the transaction.
The total consideration is valued at around USD 1.1 billion. At closing, Equinor will receive an upfront cash payment of USD 550 million as well as shares in Vista. The consideration includes contingent payments linked to production and oil prices over a five-year period. The transaction has an effective date of 1 July 2025.
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Argentina,Equinor ,Vaca Muerta basin,
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