Statoil’s agreement to divest Norwegian Continental Shelf Assets to Centrica is closed. The transaction following Statoil’s divestment and exit from several licenses on the Norwegian Continental Shelf (NCS) in November last year is now closed. The buyer was the UK based energy company and established NCS player Centrica and the consideration was USD 1.525 billion. An additional payment of up to US$100 million (£63 million) is contingent on future production performance of the Kvitebjørn assets. Kvitebjørn / Valemon Area is a significant gas production/development hub in Norway. Statoil remains the operator of both fields.Heimdal Area: Statoil retains operatorship in Heimdal, but exit from Vale, Frigg Gamma Delta and Fulla.