Lotos purchases deposits in Norway

Polish refiner Lotos acquired  a 15 percent share in Sleipner Ost, Sleipner Vest, Gungne oraz Loke gas and oil deposits on the Norwegian continental shelf from ExxonMobil Exploration and Production Norway, Reuters reported citing the company. As part of the deal, Lotos also purchased a 28 percent share in the Alfa Sentral deposit, currently under development and expected to begin production in 2020. The deal is worth an estimated $160 million, with an additional payment of $25 million for Alfa Sentral pending the Norwegian regulator's approval of the deposit's development plan, Reuters also informed.