Norwegian oil major Statoil has acquired a stake in Swedish competitor Lundin Petroleum, which is also one of the partners in the large Johan Sverdrup field, informs the company in a press release.
Statoil has purchased a total of 37.1 million shares in Lundin, corresponding to an 11.93 percent stake. The investment totals USD 539.4 million and will increase Statoil's exposure to key assets on the Norwegian Shelf (NCS), notes the group.
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