Equinor Offloads Brazil's Peregrino Oil Field to PRIO for $3.5B

Equinor ASA (EQNR) , the Norwegian energy major, has signed a significant agreement to sell its 60% operated interest in Brazil's Peregrino oil field to PRIO Tigris Ltda., a subsidiary of Brazilian oil firm PRIO SA. The transaction, valued at up to $3.5 billion, marks a strategic move for Equinor as it repositions its portfolio in Brazil.Under the deal, PRIO will pay$3.35 billion to Equinor, along with a potential interest payment of up to $150 million. The final amount will be adjusted to reflect changes ...