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Equinor transfers operatorship of Bressay project to EnQuest

Equinor has agreed to sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is GBP 2.2 million, payable as a carry against 50% of Equinor’s net share of costs, with a contingent consideration of $15 million following authority approval of a field development plan for Bressay...

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