Statoil completes acquisition of Byrding interest
Published by David Bizley,
Editor
Oilfield Technology,
On 30 December 2016 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 (NCS).
As a result, Statoil’s operated interest in Byrding (PL090B) has increased from 45 - 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.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03012017/statoil-completes-acquisition-of-byrding-interest/
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