Equinor has signed an agreement with OKEA for the transfer of a 28% interest stake in the PL037 licence, which is part of the Statfjord area offshore Norway. OKEA acquired the share for US$220m.
The acquisition of the 28% working interest means that OKEA now holds 23.9% of the Statforjd unit, 28% of the Statfjord Nord unit, 14% of the Statfjord Øst unit, and 15.4% in the Sygna unit.
The transaction will be completed in the fourth quarter of 2023, after government approvals are received.
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