Equinor introduced, in an announcement posted on its web site lately, that it has signed an settlement with Vista Power to divest its full onshore place in Argentina’s Vaca Muerta basin.
The corporate mentioned the transaction contains Equinor’s 30 % non-operated curiosity within the Bandurria Sur asset and its 50 % non-operated curiosity within the Bajo del Toro asset. Equinor famous that its Argentinian offshore acreage is just not affected by the transaction.
The full consideration is valued at round $1.1 billion, Equinor highlighted within the assertion, including that, at closing, the corporate will obtain an upfront money cost of $550 million in addition to shares in Vista. The consideration additionally contains contingent funds linked to manufacturing and oil costs over a five-year interval, in keeping with the assertion, which famous that the transaction has an efficient date of July 1, 2025.
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“We’re realizing worth from two high-quality belongings now we have actively developed as we proceed to high-grade our worldwide portfolio,” Philippe Mathieu, govt vice chairman for Exploration & Manufacturing Worldwide at Equinor, mentioned within the assertion.
“This transaction strengthens Equinor’s monetary flexibility as we consider alternatives in our core worldwide markets, the place we see substantial progress in direction of 2030. On the identical time, we retain optionality by means of our offshore positions in Argentina,” he added.
Chris Golden, senior vice chairman for the U.S. and Argentina in Exploration & Manufacturing Worldwide, mentioned within the assertion, “this can be a value-driven determination that enhances the resilience of our worldwide portfolio and sharpens our focus in Argentina”.
Equinor famous in its assertion that closing of the transaction “will, amongst different issues, be topic to related approvals”.
The corporate highlighted that it has been current in Argentina since 2017, “coming into the Vaca Muerta by means of a joint exploration settlement with YPF on the Bajo del Toro asset”.
The onshore portfolio was expanded in 2020 with the acquisition of Bandurria Sur, Equinor identified. The corporate went on to notice that, in 2019, it added eight offshore exploration licenses to its portfolio, within the North Argentinian Basin and the southern Austral and Malvinas basins.
“Subsurface analysis is ongoing to find out probably the most commercially engaging path ahead for the offshore portfolio,” Equinor mentioned within the assertion.
“There are not any present properly commitments throughout the licenses,” it added.
Additionally this month, Equinor introduced its fourth quarter and full 12 months 2025 outcomes.
On this outcomes assertion, the corporate introduced that it had delivered an adjusted working revenue of $6.20 billion, and $1.55 billion after tax, within the fourth quarter of 2025.
Equinor reported a internet working revenue of $5.49 billion and a internet revenue of $1.31 billion in the course of the quarter, in addition to adjusted internet revenue of $2.04 billion.
In its outcomes assertion, Equinor mentioned the fourth quarter and full 12 months had been characterised by “robust manufacturing and operational efficiency, delivering six % manufacturing progress within the quarter and three.4 % for the total 12 months”, a “continued excessive grading” of the corporate’s portfolio, and “price and capital self-discipline”.
Anders Opedal, President and CEO of Equinor, mentioned within the assertion, “with new fields on stream and robust operations, we ship record-high manufacturing and aggressive returns in 2025”.
“We proceed to allocate capital to additional develop and maximize worth from the Norwegian continental shelf. On the identical time, we’re delivering targeted progress in our worldwide oil and gasoline portfolio and constructing our built-in energy enterprise, now specializing in the execution of already‑sanctioned initiatives,” he added.
“In 2026, we anticipate round three % manufacturing progress, up from report ranges in 2025. We’re taking agency actions to strengthen free money movement, stay strong in direction of decrease costs and keep aggressive capital distribution,” he went on to state.
To contact the creator, e mail andreas.exarheas@rigzone.com
