Equinor to leave Ireland selling stake in Corrib gas project

The move brings to an end the Norwegian company's involvement in Ireland

Norway's Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion Energy, the Norwegian oil firm said on Monday, putting an end to its activities in Ireland.

Equinor and Vermilion have agreed a consideration of $434m (€512m) for the sale, before closing adjustment, with an effective date set Jan. 1, 2022.