CapeOmega set to strengthen stake in North Sea Brynhild field

Lundin Norway has an agreement to sell a 39% interest in the Brynhild field in license PL148 in the North Sea to CapeOmega.

Offshore staff

STOCKHOLM, SwedenLundin Norway has an agreement to sell a 39% interest in the Brynhild field in license PL148 in the North Sea to CapeOmega.

Assuming Norwegian government and other approvals, Lundin would retain a 51% operated stake in the field which it has developed via a subsea tieback to the Shell-operated Pierce FPSO in UK waters.

CapeOmega currently has a 10% interest.

The consideration is NOK774 million ($91.8 million), including historic tax and uplift balances.

06/28/2017

More in Regional Reports