Norwegian energy giant Equinor has announced that it has bought up interest in a Brazilian oil discovery for more than £300 million.
Equinor has completed the transaction, originally announced on July 4 2018 for the Carcara oil prospect.
It has purchased the 10% interest from Rio de Janeiro-based firm Barra Energia.
The deal saw the Norwegian firm acquire Barra’s interest in the BM-S-8 block in Brazil’s Santos basin.
Equinor said its interests across the two licences for the Carcara area are now “fully aligned”.