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.

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