OREANDA-NEWS. Statoil and First Oil have completed their previously announced transaction, whereby Statoil acquired First Oil’s 24% share in the UK licence for the Alfa Sentral field for USD 15 million.

Through this transaction Statoil has taken a 24% interest in UK Continental Shelf (UKCS) licence P312 which, with licence PL046 on the NCS, comprises the Alfa Sentral field. Statoil is the operator in PL046 with a 62% holding.