Verus to join Chevron in North Sea Alba field

Statoil has agreed to sell its 17% stake in the Chevron-operated Alba oil field in the UK central North Sea to Verus Petroleum.

Offshore staff

STAVANGER, Norway – Statoil has agreed to sell its 17% stake in the Chevron-operated Alba oil field in the UK central North Sea to Verus Petroleum.

To date the field has produced around 420 MMbbl: Statoil, which had been a partner since 1995, received net production last year of around 2,300 b/d.

Statoil will retain its share of the decommissioning liabilities for the existing field infrastructure while Verus will assume liabilities for any new infrastructure.

This year, Statoil will be involved in a three-well exploration campaign elsewhere on the UK shelf.

05/02/2018

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