Statoil completes transactions with Repsol

Statoil has farmed down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a 36% interest. In the US, Statoil has also acquired from Repsol a 13% interest in their Eagle Ford joint venture and has become its sole operator.

In addition, the application for Statoil to assume operatorship of the BM-C-33 license in Brazil’s Campos basin has been submitted to the authorities for approval.

Statoil’s acquisition of a 31% equity share in the UK license for Alfa Sentral remains pending Repsol partner approval.

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