Equinor has sold its 4.88% stake in Lundin Energy AB for around SEK 3.3 billion ($335 million).
(Photo: Ole Jørgen Bratland / courtesy Equinor)
The Johan Sverdrup field in the North Sea.
Offshore staff
STAVANGER, Norway – Equinor has sold its 4.88% stake in Lundin Energy AB for around SEK 3.3 billion ($335 million).
“This transaction follows our divestment of a 16% shareholding in Lundin in July 2019 and concludes what has been a successful investment for Equinor,” said the company’s CFO Lars Christian Bache.
“We have created significant value and increased our direct exposure in the Johan Sverdrup field [in the North Sea].
“Although we are now no longer a shareholder in Lundin, we continue to consider the company a strong partner on the Norwegian continental shelf.”
