Statoil and Rocksource entered into a sale and purchase agreement (SPA) for the PL 602 license in the Norwegian Sea, in which Statoil will acquire Rocksource’s 10% interest.
PL 602 is located immediately west of Statoil’s Aasta Hansteen field development that is expected on come onstream in 2017.
The deal is subject to government approval. Should the deal be approved, Statoil will remain operator of PL 602 with 40% interest. Other partners in the license include Centrica (20%), Petoro (20%), Wintershall (10%) and Atlantic Petroleum (10%).
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