Statoil Sale Of Norwegian Continental Shelf Assets Closed
First Published Monday, 30th April 2012 01:46 pm - © 2012 Dow Jones
Dow Jones NEWSWIRES
Norwegian oil and gas major Statoil ASA (STO) said Monday the transaction following the company's divestment and exit from several licenses on the Norwegian Continental Shelf in November last year is now closed.
-The buyer was the UK based energy company and established NCS player Centrica and the consideration was $1.53 billion.
-An additional payment of up to $100 million is contingent on future production performance of the Kvitebjorn asset.
-At 1328 GMT, shares were down 0.4% at NOK152.40.
-By Niclas Rolander; Dow Jones Newswires; +46-8-5451-3102; email@example.com