Equinor (EQNR) to Sell Stake in Two Norway Production Licenses

Equinor ASA (EQNR) reached an agreement to divest a 19.5% interest in two of its Norwegian production licenses to PGNiG Upstream Norway. The strategic transaction involves the production licenses PL 048E, located in the Eirin field, and PL 1201, situated just south of Eirin. Equinor currently holds a 78.2% stake in both licenses, with PGNiG holding the rest. The Eirin field, discovered in 1978, is located 250 kilometers west of Stavanger at a depth of 4,000 meters. It boasts an estimated 27.6 million barrel ...