Equinor Exits Argentina’s Vaca Muerta Shale Play
Market Intelligence Analysis
AI-PoweredEquinor is exiting Argentina's Vaca Muerta shale play by selling its assets to Vista Energy for $1.1 billion, focusing on high-grading its international portfolio.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday as it continues to high-grade its international portfolio. The deal includes Equinor’s 30% non-operated interest in the Bandurria Sur asset and its 50% non-operated interest in the Bajo del Toro asset in the premier Argentinian shale basin that has seen oil and gas production surge over the past year. Equinor retains its acreage offshore Argentina as these assets are…
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