OMV acquires stake in Statoil's Norway asset

OSLO Norway’s Statoil ASA Monday signed an agreement with Austrian oil and gas company OMV to divest minority interests in the Gullfaks and Gudrun fields offshore Norway for $2.65billion and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands. In addition to the cash consideration of $2.65 billion, the transaction includes a contingent payment and involves a …

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