Revus Completes Murchison Transaction with StatoilHydro
Revus Energy ASA has now formally completed the acquisition of StatoilHydro's interests in PL 037C and PL 037D. The acquisition includes 51.88 per cent interest in PL 037C, including an 11.52 per cent interest in the Murchison field, and 21.88 per cent interest in PL 037D, including the Delta discovery, from Statoil ASA.
After this transaction Revus holds 100 per cent of both PL 037C and D including a 22.2 per cent interest in the Murchison field. Revus already holds 100 per cent of the adjacent exploration license PL 344, and the transaction strengthens the company's position in the area.