Statoil Takes 35% Stake In Hess' Ghana Deepwater Project
Under the so-called farm-in agreement, Statoil will help shoulder the cost of exploring Hess' 811-square-mile license area in exchange for a stake in the field, according to a statement Statoil issued Wednesday.
Statoil did not disclose the value of the agreement. A company spokesman said Wednesday that Statoil will not comment beyond its statement....
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