EUROPE

OMV beefs up North Sea presence

AUSTRIAN oil and gas company OMV has bought stakes in several Statoil-operated fields for $US2.65 billion ($A2.9 billion).

OMV gets a 19% stake in the producing Gullfaks field and 24% in the Gudrun fields both in the Norwegian Continental Shelf. It will also take over 30% in Rosebank and 5.877% in Schiehallion, both fields...

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