Swedish firm Lundin Petroleum has entered in to a sales and purchase agreement with CapeOmega to divest a 39% working interest in the Brynhild field.
The company will retain operatorship at the site, and will be left with a 51% working interest in the field.
CapeOmega’s working stake will increase from 10% to 49% after the transaction.
The deal involves a consideration of NOK 774 million, including historic tax and uplift balances.
The effective date of the transaction is 1 January 2017.
The deal is subject to approval by the Norwegian government.
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