Equinor to sell 28% working interest in PL037 for $220M

The company states: "Equinor has entered into an agreement to divest 28% working interest in PL037, Statfjord area, to OKEA with an effective date 1 January 2023. The total consideration is $220M plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Ost Unit and 15.4% in Sygna Unit." Reference Link