Equinor and Barra Energia (“Barra”) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total consideration of USD 379 million.
Upon the completion of this transaction, Equinor, ExxonMobil and Galp have also completed the two further transactions previously announced on 4 July on terms equivalent to those for the Barra transaction.
As a result, Equinor’s and its partners’ interests across the two licenses for the Carcará area are fully aligned.
| BM-S-8 (after closing of transaction with Barra) | BM-S-8 (after closing of transactions with ExxonMobil and Galp) | Carcará North | |
|---|---|---|---|
| Equinor | 46.5% (operator) | 40% (operator) | 40% (operator) |
| ExxonMobil | 36.5% | 40% | 40% |
| Galp | 17% | 20% | 20% |
