Equinor Offloads Major Stake in Brazilian Oil Field In $3.35 Billion Exit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 02 2025
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Source: Benzinga
Equinor's Sale of Peregrino Field: Equinor ASA plans to sell its 60% operated interest in the Peregrino field in Brazil to Prio Tigris for $3.35 billion, with payments structured in two tranches and an effective date of January 1, 2024.
Future Operations and Growth Plans: Despite the sale, Equinor will continue operating the Peregrino field until the transaction is finalized and aims to grow its production in Brazil to nearly 200,000 barrels per day by 2030 through ongoing projects like Bacalhau and Raia gas.
Analyst Views on KEAT
Wall Street analysts forecast KEAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KEAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
