Deal Insight
Equinor acquires a 10% interest in Carcara from Barra Energia for US$379 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Equinor acquires 10% in BM-S-8 offshore Brazil from Barra Energia for US$379 million. The transaction includes the pre-salt Carcará oil discovery, which extends to the north into the Norte de Carcará block, and the Guanxuma exploration prospect. On completion, Equinor will farm-down a 3.5% interest to ExxonMobil and a 3% interest to Petrogal under the same conditions. This transaction will enable Equinor, ExxonMobil and Petrogal to align interests across the two licences that cover the Carcará field.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Carcará
- Guanxuma
- Deal analysis
-
Upsides and risks
- Reserves upside
- Local content
- Unitisation risks
- High pressure
- Gas monetisation
-
Strategic rationale
- Equinor
- Barra Energia
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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