Equinor (EQNR) is considering divesting its onshore oil and gas assets in Argentina's Vaca Muerta region, Reuters reported Friday, citing Argentina-based publication publication Mas Energia.
The company has engaged Bank of America (BAC) to facilitate the sale of its stakes in the Bandurria Sur and Bajo del Toro Norte licenses, in which it holds 30% and 50%, respectively, according to the report.
Equinor does not plan to sell its interests in offshore licenses in Argentina.
Bandurria Sur is currently producing around 70,000 barrels of oil equivalent per day, while Bajo del Toro Norte has yet to be developed, the report added.
Equinor did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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