Norway’s Noreco has signed an agreement to sell the North Sea Grosbeak oil discovery to Talisman Energy Norge.

The $43m dealt involves the sale of a 20% interest in PL378, which includes the Grosbeak discovery with estimated reserves of between six million and 30 million cubic metres of recoverable oil equivalents.

The Grosbeak discovery was made in 2009 in the Norwegian sector of the North Sea.