ExxonMobil agrees to North Sea Sleipner area gas sale

Offshore staff

GDÁNSK, PolandLOTOS Exploration and Production Norge has agreed to acquire 15% interests held by ExxonMobil in the Sleipner area of the North Sea for $160 million.

These relate to the Sleipner Øst, Sleipner Vest, Gungne and Loke fields, all operated by Statoil. The combined production that LOTOS is acquiring amounts to 16,000 boe/d. Of this, 70% is natural gas and 30% condensate.

Proven and probable reserves (2P) attributable to LOTOS total 20.8 MMboe.

In addition, the Polish company has agreed to a contingent payment of $25 million for an interest in the Alfa Sentral structure in the UK North Sea, payable when the authorities approve a plan for development and operation involving a tieback to the Sleipner complex.


Share your news with Offshore at news@offshore-mag.com

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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