Statoil and Wintershall in tie-up

摘要

Norway's Statoil said today that it has signed an agreement with Wintershall to exit the Brage licences, farm down in Gj?a and Vega and acquire a 15% stake in the Edvard Grieg licence near the Johan Sverdrup field in the Norwegian North Sea. The deal with Germany's Wintershall gives Statoil net proceeds of US $1.45 Bn, and begins a strategic partnership between the two companies. Statoil's chief Helge Lund said: "This transac- tion realises significant value for our sharehold- ers, demonstrates the value of our NCS portfolio, and further enhances the financial flexibility of Statoil. We continue our effort to optimise our portfolio, invest in core areas and utilise our key competencies to support our growth strategy."