SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 17.Jun.2025, Words: 302) — Equinor, which has been present in Brazil for over 2 decades, was awarded a new exploration opportunity, providing the potential for deepening the European company’s position in the South American country.
The S-M-1617 license was secured by Equinor on a 100% basis with a total signature bonus of around 30.5mn Brazilian Real (around $5.5mn).