A Petoro spokesman confirmed to news site Sysla.no that the company has entered into an agreement to acquire the Austrian player’s 20% interest in the field, formerly named Zidane.
It follows reported disagreement among partners in Dea-operated production licence 435 that hosts the field in the Norwegian Sea over the commercial viability of the development scheme.
Dea holds a 40% operating stake in the field, with remaining partners Maersk Oil and Edison each on 20%.
The
