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Equinor Sells Eagle Ford Asset To Repsol

Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas, for total consideration US$325 million.

The transaction covers all of Equinor's interests in the Eagle Ford Joint Venture with Repsol, covering 69 000 net acres. Repsol will have a 100% interest in the asset, following this transaction.

In a separate agreement, Repsol will acquire a 20% non-operated interest in the Monument prospect that Equinor is drilling in the Northwest Walker Ridge area in the Gulf of Mexico. Equinor plans to commence drilling this well before the end of the year.

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