Transaction completed between Wintershall and Statoil

BASF Group company Wintershall has acquired shares in the producing Gjøa (5%) and Vega (24.5%) fields, increasing its production in Norway from 40,000 boe/d to about 60,000 boe/d. In addition, Wintershall is taking over shares in the Aasta Hansteen development project (24%), the Asterix discovery (19%), the Polarled pipeline project (13.2%) and in four exploration licences near Aasta Hansteen. The shares in the assets encompass reserves and resources (2P/2C) of around 170mn boe. Furthermore, Wintershall will also assume the operatorship of the Vega field.