Statoil has bought a stake in competitor Lundin Petroleum, in which the Norwegian oil major now owns 11.93 percent of the shares. The move will increase Statoil's exposure to core activities on the Norwegian Shelf, including the giant Sverdrup field.
BY KATRINE GRØNVALD RAUN
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.
Following the full takeover of multipurpose operator Intermarine, Harren Group assumes full control over German SAL Heavy Lift and American Intermarine, with the combined fleet now totaling 50 project cargo carriers.