Wintershall Dea divests shares in Norwegian oil fields

The German company has opted to divest shares in the efforts to strengthen its positions in gas and carbon management.

Photo: Wintershall

Wintershall Dea narrows its focus on the Norwegian shelf to gas and carbon management projects going forward, the German company writes Monday after choosing to divest shareholding in three projects.

Okea has bought Wintershall Dea’s entire 35.6% stake in the Brage field, 6.46% in the Avar Aasen field as well as 6% in the Nova development to the tune of NOK 1.1bn (EUR 107m).

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