farm-in

Oil & Gas

Statoil makes move into South Africa with farm-in deal

29/10/2015

Norwegian operator Statoil has made its first into South Africa after striking a deal with ExxonMobil Exploration and Production. The company has completed a farm-in transaction to acquire a share in the Tugela South Exploration Right. Statoil said the move represented access into a “frontier basin”.

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