Centrica acquires ConocoPhillips' interests in Statfjord and satellites
Centrica has acquired ConocoPhillips' share in the UK and Norway parts of the Statfjord field, and the associated satellites Statfjord Nord, Statfjord Øst and Sygna, for a consideration of US$223 million (£142 million, NKr 1,303 million). This includes US$103 million (£66 million, NKr 602 million) of historic tax allowances. An estimated 95% of these allowances are allocated to the Norway sector. In the UK, Centrica had already established a firm position in ...