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.


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...