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Equinor and Total exit Venezuela onshore oil project

Credit: REUTERS/INTS KALNINS

Norway's Equinor and France's TotalEnergies have agreed to sell their stakes in Venezuela's onshore Petrocedeno project to a unit of state oil firm PdVSA, which will become the sole owner, Equinor said on Thursday.

OSLO, July 29 (Reuters) - Norway's Equinor EQNR.OL and France's TotalEnergies TTEF.PA have agreed to sell their stakes in Venezuela's onshore Petrocedeno project to a unit of state oil firm PdVSA, which will become the sole owner, Equinor said on Thursday.

"The Petrocedeno project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area," Equinor said in a statement.

(Reporting by Terje Solsvik; Editing by Kevin Liffey)

((terje.solsvik@thomsonreuters.com; +47 918 666 70))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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