Equinor bought Suncor Energy UK Limited for $850 million following the signature of a landmark deal.

This agreement comprises Suncor employees based within the UK working with these assets, in addition to an unoperated interest of 29.89 percent in the working Buzzard oil field and another 40% active part within Rosebank. 

“This deal aligns with Equinor’s plan of enhancing our oil and gas portfolio while also deepening its presence in our relationships with our key countries. We’re building on our history of being an energy supplier to the UK and enhancing our reputation to be a trusted energy service provider throughout Europe and ensuring that we continue to achieve our goal of becoming a zero-carbon enterprise,” said Philippe Mathieu, the executive vice president of Exploration and Production International.