One-Page Deal Sheet
Statoil Sells West Qurna 2 Assets to Lukoil
Not Disclosed Equinor
Announced Date
May 31,2012
Effective Date
January 01,2012
Close Date
June 01,2012
Transaction Type
Property
Net Acres
Location
Region
Middle East
Country
Iraq
Transaction Details: Subscribe to see
Statoil has been a partner with Lukoil in the West Qurna 2 project since the two companies won a competitive bid in 2009.
Statoil will have no financial commitments towards the project as of 1 January 2012. The commercial terms of the transaction are confidential.
"Statoil is well positioned for profitable growth, with an extensive and opportunity-rich project portfolio," says Peter Mellbye, executive vice president for Development and Production International in Statoil. After thorough evaluation, we have decided to pursue other projects and opportunities.”
"We are happy with the cooperation…
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