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Statoil and PTTEP complete agreement to divide Canadian oil sands interests

May 29, 2014, 09:29 CEST
Following the satisfaction of all conditions precedent and the closing of this transaction, Statoil now owns 100% and continues as operator of the Leismer and Corner development projects with PTTEP owning and operating 100% of the Thornbury, Hangingstone and South Leismer areas.

At the closing of this transaction, Statoil paid to PTTEP the sum of USD 200 million plus a working capital adjustment amount of CAD 238 million.