Lotos to purchase deposits in Norway

Polish refiner Lotos acquired from ExxonMobil Exploration and Production Norway a 15 percent share in Sleipner Ost, Sleipner Vest, Gungne oraz Loke gas and oil deposits on the Norwegian continental shelf, Reuters reported citing the company. Under 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.