Statoil and Total have completed their previously announced transaction whereby Statoil has acquired Totalâs equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.Statoil now has a 70% interest in Martin Linge and 40% in Garantiana. 121 employees from Total have been transferred over to Statoil in accordance with the Sale and Purchase Agreement and applicable legislation.Martin Linge is an oil and gas field under development west of the Oseberg field in the North Sea (Source: Statoil)Original article linkSource: Statoil
Statoil and Total have completed their previously announced transaction whereby Statoil has acquired Totalâs equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.Statoil now has a 70% interest in Martin Linge and 40% in Garantiana. 