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Equinor reveals final investment decision on $9 billion Brazil project - Upstream Online

Upstream Online · last updated

Equinor reveals final investment decision on $9 billion Brazil project | Upstream Online

Equinor is moving ahead with a $9 billion project in Brazil’s pre-salt area after confirming a final investment decision.

The Norwegian energy giant is working with Repsol Sinopec Brasil and Petrobras on gas-rich BM-C-33, which contains natural gas and oil/condensate recoverable reserves above one billion barrels of oil equivalent.

Confirmation comes just a few days after Equinor guided investors it was nearing the finishing line on the project, which spans three different pre-salt discoveries.

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