Norway Approves Chrysaor's North Sea Oil Stake

Posted by Michelle Howard
Monday, October 29, 2018

Norway has approved British oil firm Chrysaor's purchase of a 15 percent stake in the North Sea Grevling oil discovery, the Ministry of oil and energy said on Monday.

It was Chrysaor's first stake in the Nordic country, and the company has said it eventually aims to become a field operator in Norway, according to the ministry.

Norwegian oil firm OKEA has a 55-percent stake in Grevling, while state-owned Petoro holds 20 percent.

Reporting by Terje Solsvik

Categories: North Sea Offshore Energy

Related Stories

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

SED Energy Holdings and Ventura Offshore Set to Combine Ops

Saipem Bags Commissioning Contract for Türkiye-Bound FPU

Petronas Turns to AI to Accelerate Upstream Investment

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

Fugro Secures India Deepwater Drilling ROV Contract

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Current News

QatarEnergy's LNG Expansion Faces Delays from Hormuz Crisis

Hormuz Ship Traffic Slumps as Middle East Conflict Drags On

Oil Goes Down 2% as Saudi Supply Concerns Recede

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com