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Equinor Signs Assets Swap Deal with Vår Energi

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Norway-listed energy companies Equinor (EQNR.OL) and Vår Energi (VAR.OL) agreed to a swap of assets on the Norwegian continental shelf.

Equinor will transfer a 32.5% stake in the Peon discovery and operatorship to Vår Energi, and will receive stakes in producing assets and development licenses in return, according to a Tuesday release.

Vår Energi's transfers to Equinor include a 5% share in the Fram field and its positions in the Grosbeak and Mulder discoveries and Grønngylt prospect.

The transfers remain subject to customary approvals, transfer of operatorship and carve-out.

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