Equinor to increase share in high value asset in deepwater US Gulf of Mexico

Equinor further focuses NCS portfolio

Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. This will increase Equinor’s interest from 23.55% to 46.00%.  Anadarko remains the operator with a 33.75% interest, and Chevron retains its 20.25% interest.

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