Statoil completes transactions with Repsol in Norway and US
Statoil and Repsol have completed two of the transactions announced on 11 December 2015. Statoil has farmed down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a 36% interest; Statoil has acquired from Repsol a 13% interest in their Eagle Ford joint venture and has become its sole operator, Statoil said Thursday in a press release.
In addition, the application for Statoil to assume operatorship of the BM-C-33 licence in Brazil’s Campos basin has been submitted to the authorities for approval.
Statoil’s acquisition of a 31% equity share in the UK licence for Alfa Sentral remains pending Repsol partner approval.