July 1, 2019 / 1:46 PM / 4 months ago

Equinor, Aker BP discuss swapping some assets -Norwegian daily

OSLO, July 1 (Reuters) - Oil firms Equinor and Aker BP, partly owned by BP, have discussed Aker BP taking over Equinor’s 20% stake in rival Lundin Petroleum, Norwegian business Dagens Naeringsliv reported on Monday, citing anonymous sources.

The two companies have also discussed Equinor taking over Aker BP’s stake in the NOAKA field off Norway, but they disagree over how to develop the field, the newspaper reported.

Equinor would get an undisclosed, additional cash sum for the deal, it said.

Equinor and Aker BP declined to comment on the report when contacted by Reuters. Lundin Petroleum was not immediately available for comment.

Source link: bit.ly/2JmMgfE (in Norwegian, behind pay wall)

Note: Reuters has not verified this story and does not vouch for its accuracy (Reporting by Oslo newsroom; Editing by Susan Fenton)

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