Statoil ASA intends to raise $660.11m through issuing 0.75% notes in a public offering. The notes will mature on 9 November 2036.

Scheduled for closure on 9 November 2016, the issue forms part of Statoil’s $22bn medium term note programme.

The amount raised from the offering is intended to be used by the company for general corporate purposes.

KrisEnergy Limited plans to raise $100.93m through issuing senior secured notes due in 2014, along with free detachable warrants in a non-renounceable preferential private placement.

"The field is anticipated to hold recoverable reserves of approximately 11Mboe."

The amount raised from the placement is intended to be used by the company for capital outlays, repayment of bridge upsize, and for general working capital requirements.

KrisEnergy has retained DBS Bank Ltd as the placement agent for the offering.

Wintershall Norge AS has agreed to sell 25% stake in Byrding field to Statoil Petroleum AS. 

The Byrding field lies in the block 35/11, near the Troll / Fram area in Norwegian Continental Shelf (NCS), Norway.

The field is anticipated to hold recoverable reserves of approximately 11Mboe (million barrels of oil equivalent) and is scheduled to come online in the third quarter of 2017.

The field will be owned by Statoil Petroleum (70%, operator), ENGIE E&P (15%) and Idemitsu Petroleum (15%), upon  completion of the transaction.