Statoil completes acquisition of Byrding interest

Source: Statoil

Byrding is an oil and gas discovery in the northern part of the North Sea, near the Troll/Fram area which represents a focal point of Norway's oil and gas production.

On December 2017, Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall's 25% interest in the Byrding project on the Norwegian Continental Shelf.

As a result, Statoil’s operated interest in Byrding (PL090B) has increased from 45% to 70%.

Byrding is an oil and gas discovery in the northern part of the North Sea, near the Troll / Fram area which represents a focal point of Norway's oil and gas production.

The field is scheduled to come on stream in the third quarter of 2017.

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