Sweden's Lundin Petroleum has agreed to buy Statoil's entire 15% stake in the Edvard Grieg field in Production Licence 338 (PL 338) offshore Norway. The deal includes all associated assets including a 9% stake in the Edvard Grieg oil pipeline and a 6% stake in the Utsira High gas pipeline. The effective date of the acquisition of these assets is 1 January 2016.
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