"These represent exploration licenses in a priority area for Statoil, particularly as they could provide more feedstock for existing infrastructure on the Sleipner field," says Lars Jan Jaarvik, exploration manager for the Troll-Sleipner area.
Earlier this spring the group purchased Shell's interests in the two Esso-operated licenses 001B and 028B in the same area.
"We are now strengthening our position in this area further, and will be a key player alongside Esso. We will join forces in exploring and later developing new finds in the area," reports Mr. Jaarvik.
In this transaction Statoil will take over 50 percent of license 029B and 15 percent of 241, increasing its share in the latter from 35 percent. Both licenses will therefore be owned 50/50 by Statoil and Esso.
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