Equinor: raises stake in Gulf of Mexico oil field

(CercleFinance.com) - Norwegian oil firm Equinor on Monday said it will acquire an additional 22.
5% stake in an oil field located in deepwater US Gulf of Mexico for 965 million dollars.

The move will increase the company's stake from 23.5% to 46%, while Anadarko remains the operator with a 33.75% stake, and Chevron retains its 20.25% share.

The Caesar Tonga field is located 290 kilometres south-southwest of New Orleans, and is one of the largest deepwater resources in the US Gulf of Mexico, Equinor said.

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