Equinor: agreement to acquire Suncor Energy
(CercleFinance.com) - Equinor announces that its British subsidiary, Equinor UK Limited, has signed an agreement to acquire Suncor Energy UK Limited for a total of 850 million dollars.
The transaction includes a non-operated interest in the Buzzard producing oil field (29.89%), an additional interest in the Rosebank development (40%) and includes all Suncor employees involved in these projects who are working in the UK.
Equinor says that this transaction will increase its production by approximately 15,000 barrels of oil equivalent per day in 2023 and create synergies with existing operations.
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The transaction includes a non-operated interest in the Buzzard producing oil field (29.89%), an additional interest in the Rosebank development (40%) and includes all Suncor employees involved in these projects who are working in the UK.
Equinor says that this transaction will increase its production by approximately 15,000 barrels of oil equivalent per day in 2023 and create synergies with existing operations.
Copyright (c) 2023 CercleFinance.com. All rights reserved.