Wintershall DEA has agreed to sell its stakes in Norway’s Nyhamna gas processing terminal and the Polarled gas pipeline to CapeOmega and Solveig Gas to focus on its upstream oil and gas activities, the German company said on Oct. 1.
Cape Omega will acquire a 5% interest in the Nyhamna terminal, while Solveig Gas will buy a 13.3% stake in Polarled, which delivers gas from Equinor’s Aasta Hansteen field to Nyhamna, Wintershall Dea said in a statement.
“The sale of these two assets is an important step in the direction of capturing value from active portfolio management. The transaction will allow us to streamline our business activities in Norway and focus our efforts on higher priority assets in our portfolio,” Mario Mehren, CEO of Wintershall Dea, said.
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