Statoil and Repsol announce transactions in Norway, UK, US and Brazil

These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. “We are delighted to be deepening our relationship with Repsol. In the current challenging market environment, these are innovative, value-enhancing transactions which will help control costs and strengthen Statoil’s portfolio for the long term”, said John Knight, Statoil’s Executive Vice-President for Global Strategy & Business Development.