Equinor to sell Argentine onshore assets to Vista for $1.1bn

Equinor has reached an statement to merchantability its onshore assets successful Argentina's Vaca Muerta basin to Vista Energy for astir $1.1bn (Nkr10.61bn).

The merchantability includes a 30% non-operated involvement successful the Bandurria Sur licence and a 50% non-operated involvement successful the Bajo del Toro asset.

Equinor volition person an upfront currency outgo of $550m (9.53bn pesos) and shares successful Vista upon closing, on with contingent payments based connected accumulation and lipid prices implicit 5 years.

Scheduled for an effectual day of 1 July 2025, the transaction does not interaction Equinor's offshore holdings successful Argentina.

The Norwegian vigor institution expects its planetary portfolio to grow accumulation and currency flow, peculiarly done its superior operations successful Brazil, the US and the UK, by 2030.

Since its foray into Argentina successful 2017 via a associated exploration statement with YPF connected the Bajo del Toro asset, Equinor bolstered its onshore beingness by acquiring Bandurria Sur successful 2020.

Equinor exploration and accumulation planetary enforcement vice-president Philippe Mathieu said: “We are realising worth from 2 high-quality assets we person actively developed arsenic we proceed to high-grade our planetary portfolio.

“This transaction strengthens Equinor’s fiscal flexibility arsenic we measure opportunities successful our halfway planetary markets, wherever we spot important maturation towards 2030. At the aforesaid time, we clasp optionality done our offshore positions successful Argentina.”

In the 3rd 4th of 2025 (Q3 2025), accumulation from Equinor's stock of Bandurria Sur averaged 24,400 barrels of lipid equivalent per time (boepd), portion the Bajo del Toro plus contributed 2,100boepd.

Equinor's portfolio successful Argentina besides includes offshore exploration licences acquired successful 2019 crossed the North Argentinian Basin and the confederate Austral and Malvinas basins.

These areas are presently undergoing subsurface valuation to place imaginable commercially viable opportunities.

No good commitments beryllium for these licences astatine present.

The completion of the onshore plus income to Vista Energy remains taxable to indispensable regulatory approvals.

Equinor US and Argentina exploration and accumulation planetary elder vice-president Chris Golden said: “This is simply a value-driven determination that enhances the resilience of our planetary portfolio and sharpens our absorption successful Argentina.”

In December 2025, Equinor and Aker BP discovered hydrocarbons astatine the Lofn and Langemann prospects successful the Sleipner country of the Norwegian North Sea. As per archetypal estimates, the Lofn imaginable holds 3.5–10 cardinal modular cubic metres of recoverable lipid equivalent, oregon 22–63 cardinal barrels of lipid equivalent.