ShippingWatch

Statoil buys large stake in Lundin Petroleum

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.

Photo: Statoil

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs