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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Equinor sells Corrib stake
Equinor is to sell its 36.5% non-operated equity position in the Corrib gas project in Ireland to Vermilion Energy for some $434mn.
Vermilion currently holds a 20% interest and acts as operator of the project. The remaining partner is Nephin Energy, with a 43.5% stake.
The sale of Corrib means that Equinor will no longer have active business presence in Ireland, after also deciding to withdraw from an early phase offshore wind project in the country.
News Item details
Journal title: Petroleum Review
Countries: Ireland -
Organisation: Equinor
Subjects: Exploration and production, Gas
