German crude oil and natural gas producer Wintershall Norge is set to take over control of the Brage oil field on the Norwegian Continental Shelf (NCS) from Statoil.
The Brage platform off Bergen is said to be the first major production platform operated by the company, which is a wholly-owned subsidiary of BASF.
Wintershall Norge's daily production has increased, from 3,000boe to 40,000boe, since the transfer of equity in the fields Brage, Gjøa and Vega to the company at the end of July, as part of the asset swap with Statoil.
With operatorship of Brage, the company now executes the complete exploration and production lifecycle from exploration, drilling and the development of oil and gas discoveries to production in Norway.
Wintershall board of executive director's member responsible for exploration and production Martin Bachmann said Statoil has operated the Brage field for 20 years.
"Taking over the Brage operatorship is a key element in our growth strategy. At the same time we have developed into a full service oil and gas company in Norway," Bachmann added.
The main transfer protocol representing the completion of the process to transfer the operatorship of Brage from Statoil to Wintershall has also been signed by both companies.
With the take over of the operatorship of Brage, Wintershall is aiming for a daily production target of 50,000 barrels.
Wintershall Norge managing director Bernd Schrimpf said: "The Wintershall Norge team has once again proven that we can make things happen, and that we deliver on our promises."
Image: The Brage platform is the first major production platform operated by Wintershall. Photo courtesy of Wintershall Holding GmbH.