Scandoil  

Statoil completes sale of 15.5% share in Shah Deniz to PETRONAS


Published May 1, 2015
The Shah Deniz in the Caspian Sea
The Shah Deniz in the Caspian Sea. (Photo: Shahin Abasaliyev)

On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014.

The sale involved the transfer of Statoil's 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC).

The closure of the transaction follows the satisfaction of all conditions precedent, with an effective date of 1 January 2014.

Following this transaction the State Oil Company of Azerbaijan, SOCAR, will assume operatorship of AGSC and commercial operatorship of SCPC as of 1 May 2015, which have both previously been held by Statoil

Tags: Statoil




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml