Sval Energi and Equinor to acquire the Norwegian assets from Spirit Energy and Centrica for $1.08bn.

Sval Energi, an oil and gas company, and Equinor, an energy company, agreed to acquire the Norwegian oil and gas exploration and production business from Spirit Energy and Centrica, an integrated energy company, for $1.08bn. "With the disposal of these largely oil producing assets to buyers who will be able to meet the material decommissioning costs, we can now focus on realising value for our shareholders from Spirit’s remaining gas reserves. This sale is another important milestone in the turnaround of Centrica and follows our significant organisational restructure last year and the sale of Direct Energy earlier in 2021," Chris O'Shea, Centrica CEO.