Declining production: Equinor targets $1billion from 20% equity divestment in Agbami deep water field

Investigations have revealed plans by Equinor to raise $1billion from 20 per cent proposed equity divestment owned in the deep Offshore Agbami field. Hence, Equinor has hired Standard Chartered to assist in a sale of the Norwegian energy major’s stake in an offshore oilfield in Nigeria, industry sources told Reuters on Wednesday, in what could ...