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Rigzone reported that Statoil (NYSE:STO) has sold the company’s interests on the Norwegian Continental Shelf for $1.6 billion to Centrica (LSE:CNA).
Rigzone reported that Statoil (NYSE:STO) has sold the company’s interests on the Norwegian Continental Shelf for $1.6 billion to Centrica (LSE:CNA).
As quoted in the market news:
According to the terms, Centrica will acquire oil and gas fields producing up to 34,000 barrels a day of oil equivalent, an increase of approx. 25 percent, plus additional exploration acreage in Norway’s North Sea.