Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales ...Middle East

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Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales
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Equinor has exited the upstream business in Nigeria and Azerbaijan after completing oil and gas asset sales of $2 billion, the Norwegian energy major said on Monday. Equinor will receive $745 million for its portfolio in Azerbaijan and up to $1.2 billion for the sale of its Nigerian assets, said the company, which announced the deals last year and said they were part of its strategy to streamline its upstream business. In Nigeria, Equinor sold its assets to Chappal Energies. These included a 53.85% ownership in oil and gas lease OML 128, including…

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