Statoil will receive Total’s 2.5% Valemon interest. Total will receive a 2% interest in Hild from Statoil.
Statoil expects to start production from Valemon field, in 135 m of water between Kvitebjorn and Gullfaks South fields about 160 km west of Bergen, in 2014 (OGJ Online, June 10, 2011).
New Valemon interests will be Statoil (operator) 66.78%, Petoro 30%, Enterprise Oil Norge 3.225%.
Hild is about 160 km offshore, 42 km west of Oseberg field, in 100-120 km of water (OGJ Online, Sept. 29, 2011).
Interests after the transaction will be Total (operator) 51%, Petoro 30%, and Statoil 19%.