Bank Of Baku

Statoil sells 10% of its share in Shahdeniz and SCP

Statoil sells 10% of its share in Shahdeniz and SCP
# 06 May 2014 14:29 (UTC +04:00)

According to Statoil, the worth of the transaction is $1.45 billion.

 

The buyers of Statoil interest are Azerbaijan's state energy company SOCAR (6.7 percent) and British BP (3.3 percent).

 

After the acquisitions, the Shah Deniz co-investors and their shares in the project are as follows: BP, operator (28.8 percent), SOCAR (16.7 percent), Statoil (15.5 percent), Total (10 percent), Lukoil (10 percent), NICO (10 percent), and TPAO (9 percent).

 

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