Save Article Instructions
Close 

Statoil, Total swap Barents Sea interests

Statoil AS and Total SA have agreed to swap 10% interests in two petroleum licenses in the Barents Sea offshore Norway.

Statoil receives 10% equity in PL535. Total receives 10% equity in PL395.

Statoil has made a discovery called Ververis on PL395, which it operates, and Total Norge E&P has a discovery called Norvarg on PL535, which it operates (OGJ Online, Aug. 10, 2011). A Norvarg appraisal well is in progress.

The blocks are on the Bjarmeland platform.


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2013/05/statoil--total-swap-barents-sea-interests.html