Statoil buys First Oil’s interest in Alfa Sentral

Offshore staff

STAVANGER, Norway Statoil has acquired First Oil’s 24% equity in the UK license Alfa Sentral field for $15 million.

Plans call for the field to be tied back to Statoil’s existing Sleipner facilities on the Norwegian continental shelf. A final investment decision is planned for late 2016 with production start-up in 2020.

“The acquisition of this Alfa Sentral license increases the resource base and strengthens our efforts to further develop the Sleipner area towards 2030,” said Mette Halvorsen Ottøy, senior vice president for the operations south cluster in Development & Production Norway.

10/02/2015

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