Repsol to acquire Total’s stake in Mikkel field offshore Norway
Repsol to acquire Total’s stake in Mikkel field offshore Norway
Repsol has agreed to acquire Total’s stake of 7.65% stake in the Norwegian Sea’s producing Mikkel field, for an undisclosed price.
The Mikkel field, which is a gas and condensate reservoir, has been in production since August 2003.
Through the transaction, Repsol will boost its net output in Norway to around 32,000 barrels of oil equivalent a day, which marks an increase of nearly 14% in producti...