Statoil Picks Up South African Blocks

Statoil Picks Up South African Blocks
Image Source: Offshore Energy Today

Statoil acquired a participating interest in two additional blocks in Africa. According to the company it has picked up two offshore blocks, including one operator ship, offshore South Africa.

The Norwegian firm acquired a 35% stake from US supermajor ExxonMobil. The US firm retains a 40% stake in the block and Impact Africa holds the remaining 25%.

In addition, Statoil picked up a 90% interest and operatorship in an adjacent block from OK Energy.

Source: Petroleum Africa 

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