Revus Energy ASA has entered into a Sales and
Purchase Agreement (SPA) with Statoil ASA with
regard to Production License 344 on the Norwegian Continental Shelf.
The agreement, which is subject to government approvals, will
increase Revus`s share from 78 % to 100 % and
assign Revus as operator for the license.
Revus has committed to drill a firm exploration well on
the license during the next two years, and the
plan is to utilize a slot on the Bredford Dolphin
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