Germany’s Wintershall Dea has sold off stakes in three Norwegian continental shelf assets to OKEA in a deal worth an initial $117 million.

The agreement between the pair covers a 35.2% operating stake in the Brage field, plus a 6.46% share of Ivar Aasen and a 6% stake in the Nova development.

Wintershall Dea said the divestment reflects its strategy of focusing more strongly on gas and carbon management projects.

“In the next chapter of Wintershall Dea’s story in Norway the company will build on its strength as one of the largest subsea operators on the shelf,” the company stated.