Statoil Takes Over as Martin Linge Operator

Statoil and Total have completed their previously announced transaction whereby Statoil has acquired Total’s equity stakes in, and taken over the operatorships of, the Martin Linge field and the Garantiana discovery on the Norwegian continental shelf.

Statoil now has a 70 percent interest in Martin Linge and 40 percent in Garantiana.

121 employees from Total have been transferred over to Statoil (STO) in accordance with the Sale and Purchase Agreement and applicable legislation