Equinor and partners fully align interests in the Carcará oil discovery in Brazil

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 licences 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)

ExxonMobil

36.5%

40%

Galp

17%