Equinor divests parts of its Argentina assets in $1.1 billion deal
Published by Global Banking and Finance Review
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Published by Global Banking and Finance Review
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Equinor has agreed to sell its onshore assets in Argentina's Vaca Muerta basin to Vista Energy for $1.1 billion, with payment split between cash and shares.
OSLO, Feb 2 (Reuters) - Norway's Equinor said on Monday it has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for $1.1 billion, half paid in cash and the other in the form of Vista shares.
(Reporting by Terje Solsvik, editing by Anna Ringstrom )
Asset divestment refers to the process of selling off a subsidiary, business unit, or asset to improve financial performance or focus on core operations.
The Vaca Muerta basin is a geological formation in Argentina known for its significant reserves of shale oil and gas, making it a key area for energy investment.
Corporate strategies are plans and actions that organizations implement to achieve long-term goals, enhance competitive advantage, and maximize shareholder value.
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