Equinor is looking to raise $400m with the sale of its 36.5% stake in the Corrib gas field.
Norway-based energy company Equinor is reportedly preparing to divest its stake in Corrib gas field located off the coast of Ireland.
A potential sale could bring in around $400m, Reuters reported citing three banking and industry sources. Equinor has not confirmed the news.
The Norwegian firm owns a 36.5% stake in the Corrib project, which is located 83km off Ireland’s north-west coast in water depths of around 350m.