Wintershall Norge has signed a sales agreement with the Norwegian oil company OKEA to sell its 10% share in the Yme license on the Norwegian Continental Shelf (NCS).
Following the transaction, the equity ownership in PL 316 license is: Repsol Norge (operator) 60%, LOTOS E&P Norge AS 20%, Kufpec Norway AS 10%, OKEA 10%. The Yme license PL 316 lies in the south eastern part of the North Sea.
Once completed, the transaction will be effective retroactively from 1 January 2016. Completion is expected by the end of this year.
This agreement is subject to approval by the Norwegian Ministry of Petroleum and Energy.
The Yme mobile offshore production unit was just heavy-lifted by Allseas using its Pioneering Spirit, in August.
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