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Norway approves Chrysaor's North Sea oil stake

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By Fawad MaqsoodReuters
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OSLO: Norway has approved British oil firm Chrysaor's purchase of a 15 percent stake in the North Sea Grevling oil discovery, the Ministry of oil and energy said on Monday.

It was Chrysaor's first stake in the Nordic country, and the company has said it eventuelly aims to become a field operator in Norway, according to the ministry.

Norwegian oil firm OKEA has a 55-percent stake in Grevling, while state-owned Petoro holds 20 percent.

Copyright Reuters, 2018

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