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Equinor Looks To Offload $1 Billion In Nigerian Oil Assets
Equinor has hired Standard Chartered to assist in a sale of the Norwegian energy major’s stake in an offshore oilfield in Nigeria, industry sources told Reuters on Wednesday, in what could be the latest attempt of a major oil firm to divest operations in the African OPEC member. The potential sale of Equinor’s 20% stake in the Agbami field offshore Nigeria could fetch up to $1 billion, according to Reuters’ sources. Equinor is reportedly looking to sell its Nigerian oilfield stake to focus on more profitable and newer projects, the sources said. U.S. supermajor Chevron is the operator of the Agbami Field, which ... (full story)
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- Posted: Jan 25, 2023 11:04pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 63
