Norwegian state company Statoil ASA (NYSE:STO) has passed its operatorship rights of the Vilje field in the North Sea to block partner Marathon Oil Norge, the Norwegian unit of Marathon Oil Corporation (NYSE:MRO).
The change in operatorship, to be effective from September 1, 2012, subject to the Ministry of Petroleum and Energy’s consent, does not involve any alteration of the respective stakes in the production license (PL) 036D.
This transfer has enabled Statoil to use a rig, which was earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards