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| Name | Symbol | Market | Type |
|---|---|---|---|
| Equinor ASA | NYSE:EQNR | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.52 | -1.87% | 27.25 | 27.53 | 27.135 | 27.29 | 3,349,567 | 00:33:30 |
From Apr 2019 to Apr 2024
By Dominic Chopping
Equinor ASA (EQNR.OS) said Friday that it and Royal Dutch Shell PLC (RDSB.LN) have paid $177.5 million each for the joint acquisition of the 49% interest held by Schlumberger Ltd. (SLB) in the Bandurria Sur onshore block in Argentina's Neuquen province.
Each partner has bought a 24.5% interest in the block that covers around 56,000 gross acres.
The operator is YPF SA (YPF) with a 51% interest and the block is in the late pilot phase of development with current production at around 10,000 barrels of oil equivalent a day.
Equinor and Shell have also reached a preliminary agreement with YPF to acquire a further 11% interest from YPF. On completion of this additional transaction, which is subject to a number of conditions including authority approval, Equinor and Shell will each own a 30% non-operated interest with YPF owning a 40% interest and continuing as operator.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 31, 2020 07:04 ET (12:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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