Equinor to sell stake in Nigerian oil field

Norwegian state-owned energy company Equinor has started selling its 20.21% stake in the Agbami offshore oil field in Nigeria, Reuters reports, citing sources.

«The Norwegian company Equinor has started selling its stake in an offshore oil field in Nigeria, joining the exit of Western energy companies focused on new and more profitable projects from the country», the agency writes.

The Equinor website clarifies that the company had a 20.21% stake in the Agbami field, its share of production accounted for 26 thousand barrels of oil per day. The operator of the field is the American company Chevron.

The Equinor Energy Group was founded in 1972 and was called Statoil until May 2018. The company operates in about 30 countries. The largest shareholder is Norway.