Thursday, November 14, 2019

Statoil completes acquisition of Byrding interest

January 3, 2017

Statoil’s operated interest in Byrding (PL090B) has increased from 45% to 70%. Image Statoil

On 30 December 2016 Statoil (STO) and Wintershall Norge (“Wintershall”) 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% 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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