Equinor divests parts of its Argentina assets in $1.1 billion deal

OSLO, Feb 2 (Reuters) - Norway's Equinor EQNR.OL 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 half in the form of Vista shares and future payments linked to output and oil prices.

"The consideration includes contingent payments linked to production and oil prices over a five-year period," Equinor said in a statement.

The transaction included Equinor's 30% stake in the Bandurria Sur production asset and its 50% holding in Bajo del Toro, while Equinor's offshore acreage in Argentina was not affected, the company said.

Equinor's share of the Bandurria Sur production averaged 24,400 barrels of oil equivalent (boe) per day in the third quarter of 2025 while Bajo del Toro, which is still in an early development phase, contributed 2,100 net boe per day, it added.