Located in the Norwegian North Sea, the field is anticipated to produce more than 200mmbbl of oil.
The Ivar Aasen field is currently owned by Statoil Petroleum AS (41.47%), Det norske oljeselskap ASA (34.79%, operator), Bayerngas Norge AS (12.32%), Wintershall Norge ASA (6.46%), VNG Norge (3.02%), Lundin Norway AS (1.39%) and OMV (Norge) AS (0.55%).
The deal will allow Okea to extend its oil and gas assets portfolio in Norway.
Farstad Shipping has disposed its Lady Sandra anchor-handling tug supply vessel (AHTS).
Built in 1998, Lady Sandra is a 2,752dwt vessel with a gross tonnage of 2,599t.
Farstad Shipping’s fleet now constitutes 28 AHTS vessels, 22 PSVs and six subsea vessels.
Karoon Gas Australia subsidiary Karoon Petroleo & Gas has agreed to acquire the remaining 35% stake in five oil and gas blocks in the Santos Basin, offshore Brazil, from Pacific Exploration & Production Corporation.
The deal implies a purchase consideration of up to $20.5m, which will be funded through a combination of upfront cash and deferred contingent payments.
The five blocks extend over an area of 865km² at an average water depth of 400m.
The deal will allow Karoon to expand its oil and gas assets portfolio in the Santos Basin, offshore Brazil.