Total has signed an agreement to sell a 15% interest in the Gina Krog field in the Norwegian North Sea to Tellus Petroleum for  USD 172 million (NOK 1.4 billion). The field is expected to come on stream in 2017, and produce 60,000 BOPD and 9 million m3 of gas per day. Following the closure of the transaction, Total will retain a 15% interest in the field, Tellus (15%), PGNiG Upstream International (8%), and Det norske oljeselskap (3.3%). Statoil is the operator of the field and holds a 58.7% stake.


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.