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0.00013548299688396 -0.000270965993767728 -0.00149031296572279 0.00203224495325844 0.00677414984419455 0.00907736079122072 0.00894187779433676 0.012599918710202
Stock impact report

Japex to acquire OKEA's 20% stake in PL1119 licence [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The licence covers the Mistral South gas field, which has been discovered but is yet to undergo development, and the Mistral North exploration prospect. It is operated by Equinor Energy, which holds a 60% stake, while Inpex Idemitsu Norge is the other stakeholder with 20% ownership. The transaction is valued at $30m (Y4.77bn) and carries an effective date of 1 January 2026. Finalisation of the deal is anticipated by the end of the third quarter of 2026 (Q3 2026), subject to government approvals. The licence is located in an area with established production infrastructure. Japex Norge plans to work with its partners to develop Mistral South, targeting the early 2030s for the start of production. Plans are in place to drill an exploration well in Mistral North in Q1 2027. OKEA originated PL1119, identifying the potential for a missed discovery in a region of the southern Norwegian Sea with a history of oil and gas finds. The discovery of Mistral South was made in Q1 2025. The Show less Read more
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