This covers interests in five licences on the Danish continental shelf:
30% of 04/06, 05/06, 06/06
25% of 05/98
20% of 01/06
The interests are held by the fully owned StatoilHydro subsidiary, Saga Petroleum Danmark A/S, the ownership of which will be transferred to Bayerngas.
StatoilHydro does not consider offshore Denmark a core growth area for its exploration and production activities, and the divestment frees resources, both from exploration commitments and any future developments, for other major ongoing international projects.
Selling interests on Danish continental shelf
May 5, 2009, 14:20 CEST