Equinor acquisitions, on the record

Word for word“On 26 January 2023, Equinor closed a transaction with the Bregentved Group and members of the executive board of BeGreen Solar Aps to acquire 100 % of BeGreen Solar Aps for a cash consideration of USD 277 million (EUR 260 million) and a consideration contingent on successful delivery of future solar projects above an agreed MW threshold.” 20-F for 2022

Word for word“On 1 September 2022, Equinor and SSE Thermal Generation Holdings Limited (SSE Thermal) closed a transaction to acquire the UK power company Triton Power Holdings Ltd (Triton Power) from Triton Power Partners LP owned by Energy Capital Partners (ECP).” 20-F for 2022

Word for word“On 30 September 2022, Equinor closed a transaction with Sval Energi AS to divest Equinor’s entire ownership share in the Greater Ekofisk Area including its share in Norpipe Oil AS, and a 19 % ownership share in Martin Linge.” 20-F for 2022

Word for word“On 5 May 2021, Equinor completed a transaction to acquire 100 % of the shares in Polish onshore renewables developer Wento from the private equity firm Enterprise Investors for a cash consideration of USD 117 million (EUR 98 million) after net cash adjustments.” 20-F for 2022

Word for word“On 26 April 2021, Equinor closed the transaction to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments for an estimated total consideration of USD 819 million, including interim period settlement, for which payment was received in the first half of 2021.” 20-F for 2022

Word for word“On 29 January 2021, Equinor closed the transaction with BP to sell 50 % of the non-operated interests in the Empire Wind and Beacon Wind assets for a preliminary total consideration after interim period adjustments of USD 1.2 billion, resulting in a gain of USD 1.1 billion for the divested part, of which USD 500 million had been prepaid at the end of December 2020.” 20-F for 2022

Word for word“On 3 November 2023, Equinor closed a transaction with Denham Capital to acquire 100 % of the shares in Horus Investimentos S.A., the parent company of Rio Energy Participações S.A., a leading onshore renewables company in Brazil.” 20-F for 2023

Word for word“On 30 June 2023, Equinor closed a transaction with Suncor Energy UK Holdings Ltd to acquire 100 % of the shares in Suncor Energy UK Limited for a total consideration of USD 847 million after customary adjustments for working capital.” 20-F for 2023

Word for word“On 22 December 2023, Equinor entered into an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) to sell its interest in its Azerbaijan assets.” 20-F for 2023

Word for word“On 31 May 2022, Equinor closed a transaction to acquire all of Spirit Energy’s ownership interests in production licences in the Statfjord area which covers the Norwegian and UK Continental Shelves ranging from 11.56 % to 48.78 %.” 20-F for 2023

Word for word“The cash consideration at closing amounted to USD 293 million.” 20-F for 2023

Word for word“On 29 November 2024, Equinor closed a transaction with the State Oil Company of the Republic of Azerbaijan (SOCAR) and ONGC Videsh Limited (ONGC) to sell its interests in its Azerbaijan assets.” 20-F for 2024

Word for word“On 31 December 2024, Equinor closed a transaction to acquire an additional non-operated interest in the Northern Marcellus shale formation in Pennsylvania in the US from EQT Corporation (EQT).” 20-F for 2024

Word for word“On 3 November 2023, Equinor closed a transaction with Denham Capital to acquire 100 % of the shares in Horus Investimentos S.A., the parent company of Rio Energy Participações S.A., a leading onshore renewables company in Brazil.” 20-F for 2024

Word for word“On 24 January 2024, Equinor entered into a swap agreement with bp to acquire bp’s 50 % share and take full ownership of Empire Offshore Wind Holdings LLC, including the Empire Wind lease and projects (Empire Wind), in exchange for its 50 % share in Beacon Wind Holdings LLC, including the Beacon Wind lease and projects (Beacon Wind).” 20-F for 2024

Word for word“On 11 November 2025, Equinor closed a transaction with Prio Tigris Ltda., a subsidiary of PRIO SA, to sell its 40 % operated interest in the Peregrino field in Brazil as part of the ongoing optimisation of Equinor’s international upstream portfolio.” 20-F for 2025

Word for word“On 1 January 2025, Equinor closed a transaction with Petoro to swap ownership interests in the Haltenbanken area.” 20-F for 2025

Word for word“4) In December 2025, Equinor completed the divestment of its offshore UK assets, including interests in Rosebank, Mariner and Buzzard, and received a 50% ownership interest in Adura, a joint venture with Shell.” 20-F for 2025