Equinor has announced the sale of its 63% stake in its Eagle Ford onshore operation in US to Repsol, which after the deal will become 100% owner and operator of the 69,000-acre site. Equinor said the disposal was part of its plans to optimise its onshore portfolio in the Texas, which was still a core area for it. Equinor and Talisman bought the Eagle Ford site in 2010, Repsol bought Talisman’s share in 2014 and Equinor subsequently increased its stake to 63%. Repsol has also bought a 20% share of Equinor’s Monument prospect in the Gulf of Mexico.
Equinor has announced the sale of its 63% stake in its Eagle Ford onshore operation in Texas to Repsol, which after the deal will become 100% owner and operator of the 69,000-acre site. Equinor said the disposal was part of its plans to optimise its onshore portfolio in the US, which was still a core area for it. Equinor and Talisman bought the Eagle Ford site in 2010, Repsol bought Talisman’s share in 2014 and Equinor subsequently increased its stake to 63%. Repsol has also bought a 20% share of Equinor’s Monument prospect in the Gulf of Mexico.