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Stock impact report

Equinor Starts Drilling at $9 Billion Raia Project Offshore Brazil [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Equinor Starts Drilling at $9 Billion Raia Project Offshore Brazil Equinor ASA (NYSE:EQNR) is an international energy company headquartered in Norway, with over 25,000 employees in around 20 countries worldwide. Equinor ASA (NYSE:EQNR) announced on March 24 that it had started development drilling at the Raia natural gas project in the Campos basin offshore Brazil. The project is operated by Equinor with a 35% stake, in partnership with Repsol Sinopec Brasil and Petrobras. Raia is on track to start production in 2028. Once operational, it is expected to produce 126,000 barrels of oil and condensate and 16 million cubic meters of gas per day, representing around 15% of Brazil's total natural gas demand. Raia is Equinor ASA (NYSE:EQNR)'s largest international investment to date, totaling around $9 billion. The development's floating production, storage, and offloading unit (FPSO) is expected to be among the most carbon-efficient globally. Moreover, the project is estimated to gen Show less Read more
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