Total E&P Norge plans to propose its candidature as operator to the other partners on the PL211 license, Statoil (30%) and Eni Norge (20%).
As part of this transaction Total will transfer to ExxonMobil 5% of the Tyrihans field (6.29% of the PL073 license). Following this transfer, Total's stake in the Tyrihans field will go from 26.51% to 21.51%.
Through this investment, Total aims at increasing the volume and lifespan of its hydrocarbon reserves in Norway and thus consolidating its position as leader and operator in this country.
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