OMV AG has agreed to acquire $2.65 billion in North Sea and Atlantic margin assets from Statoil ASA and has taken options on 11 exploration licenses.
In addition to acquiring assets in the North Sea off Norway and UK West of Shetlands, OMV will establish a research and development partnership with Statoil to take advantage of OMV's comprehensive expertise in onshore enhanced oil recovery and Statoil's experience with EOR offshore.
OMV is acquiring a 19% interest in the producing Gullfaks field and 24% in Gudrun field on the Norwegian Continental Shelf. OMV will also add 30% of Rosebank and 5.877% of Schiehallion, West of Shetlands fields in which it already holds interests.
OMV said it is...