STAVANGER, Norway, May 29 (UPI) -- Norwegian energy company Statoil said Thursday it paid an Indonesian counterpart $200 million to split up oil sands interests in Alberta, Canada.
Statoil and PTT Exploration and Production divided their interests in the Kai Kos Dehseh oil sands project in Alberta. Both sides under the terms of the agreement take full control of individual development projects within the area of interest, with Statoil taking on two and the Indonesian company taking on three areas.