Statoil to Divest Minoroty Interests Offshore Norway and Shetlands for $2.65B
August 19, 2013 at 05:53 AM EDT
Statoil ASA (NYSE: STO ) has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands. In addition to the cash consideration of USD 2.65 billion, the transaction with Austrian oil and
