Stake Transaction

On 19 March 2018, Statoil (now Equinor) completed a transaction with Total to acquire Total’s entire equity stake and operatorship in the Martin Linge field on the Norwegian continental shelf, increasing Statoil’s interest in the project to 70%. The deal also transferred operatorship of the field and associated assets, including the power-from-shore infrastructure, along with relevant employees from Total to Statoil under the Sale and Purchase Agreement.