Faroe

Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields.

The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.