Under the deal, with an undisclosed value, Okea will acquire Wintershall’s 10% interest in production licence 316 that hosts the field off Norway.
Once completed, the deal will be effective retroactively from 1 January, Wintershall said.
Completion is expected by the end of this year.
Following the sale, Yme’s operator Repsol will hold a 60% interest, Lotos Exploration & Production 20%, Kuwait Foreign Petroleum Exploration Company (Kufpec) 10%, and Okea 10%.
The
