Statoil increases share in the Wisting discovery

Statoil and Tullow Norge AS have agreed on a transaction whereby Statoil will increase its equity in four licences on the Norwegian continental shelf (NCS). The transaction includes the Wisting discovery in the Barents Sea.
“This transaction reflects our strong belief in the exploration potential on the Norwegian continental shelf and our commitment to create value in the Barents Sea,” says Jez Averty, Statoil’s senior vice president for exploration in Norway and UK. …