Statoil Completes Transaction in UK Licence for Utgard Field
OREANDA-NEWS. On 22 June 2016, Statoil and JX Nippon completed their previously announced transaction whereby Statoil has acquired JX Nippon’s 45% equity share in, and operatorship of, the UK licence for the Utgard field.
A final investment decision for Utgard is planned before end-2016 with production start-up in 2020.
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