Oil&Gas: Statoil sells off NCS assets
The buyer is Centrica, a UK based energy company and established NCS player, as wwell as co-signer of the UK gas deal. “The transaction strengthens our capacity to further focus on value creating growth on the NCS, one of the world’s most attractive oil and gas regions. The Skrugard discovery in the Barents Sea and the giant North Sea find Aldous/Avaldsnes demonstrate the substantial organic growth potential on the NCS. The transaction also confirms the value of NCS assets, and how we create value by concentrating our efforts on the NCS," says Statoil Executive Vice President for Development and Production Norway, Øystein Michelsen. (NRK/Press release)
Wednesday, 23 November 2011 07:38
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In connection with Statoil's signing of a major gas deal with the UK this week, the Norwegian energy producer also announced that it had decided to farm down three and exit five assets on the Norwegian Continental Shelf (NCS) for the consideration of USD 1.625.
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