Norway State DFI acquires Faroe Petroleum’s interest in the Maria discovery in a swap deal. Swap deal ID 11788
Faroe Petroleum and Petoro, which manages the Norwegian State's Direct Financial Interest (SDFI) portfolio, have announced a swap deal involving a series of Norwegian assets. Faroe has acquired Petoro's interest in the Brage, Hyme, Jotun, Njord and Ringhorne Øst fields in exchange for its share in the Maria discovery. There is no cash component to the deal, but Petoro will retain decommissioning liabilities up to NKr 600 million (US$103 million) on the divested assets that ...