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Statoil Completes Acquisition of Byrding Interest

Source: www.gulfoilandgas.com 1/3/2017, Location: Europe

Statoil and Wintershall Norge (“Wintershall”) completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). As a result, Statoil’s operated interest in Byrding (PL090B) has increased from 45% to 70%.

Byrding is an oil and gas discovery in the northern part of the North Sea, near the Troll / Fram area which represents a focal point of Norway's oil and gas production.

The field is scheduled to come on stream in the third quarter of 2017.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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