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Equinor sells stake in Brazil’s Peregrino field to PRIO for $3.5 billion

by | May 2, 2025 | Offshore

Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for $3.5 billion USD. Peregrino is a heavy oil field consisting of a FPSO platform supported by three fixed platforms. Equinor has been operating the field since 2009, with around 300 million barrels of oil being produced by the asset since.

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