Please be aware that we only offer visits to a few selected locations. Please specify your preferred location and we will revert to you as soon as we can.

Sorry, something went wrong!

Thank you!

<div class="content news-content archive" role="main"> 
 <div class="news-page article"> 
  <h1>Statoil and PTTEP complete agreement to divide Canadian oil sands interests</h1> 
  <div class="date"> 
   <div class="date-module"> 
    <div class="date-module"> <span class="date_module-icon fa fa-calendar"></span> <span>May 29, 2014, 09:29 CEST</span> 
    </div> 
   </div> 
  </div> 
  <div class="text parbase section">
   <div class="component-container base undefined " data-emptytext="Text"> 
    <div class="articleBody">
     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.
     <br>
     <br> 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.
    </div> 
   </div>
  </div> 
 </div>  
</div>

On Wednesday, 28 May 2014, Statoil and PTT Exploration and Production completed the agreement to divide their respective interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada.