Equinor divests parts of its Argentina assets in $1.1 billion deal

Core Viewpoint - Norway's Equinor has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for a total of $1.1 billion, with half of the payment made in cash and the other half in Vista shares [1] Group 1 - The sale price of $1.1 billion reflects Equinor's strategic decision to divest from its onshore operations in Argentina [1] - The transaction structure includes a combination of cash and equity, indicating Vista Energy's confidence in its future growth potential [1] - Vaca Muerta basin is known for its significant shale oil and gas reserves, making it a key area for investment in the energy sector [1]