OSLO Jan 10 State-controlled Norwegian energy
firm Statoil is studying overseas acquisitions to
reduce its focus on Norway and Tullow Oil is among
targets it is studying, Bloomberg reported late on Thursday,
quoting unnamed company sources.
The firm is considering deals involving payment in shares
that could dilute the government's shareholding, as the new
Conservative-led government is seeking to cut the state's stake
from 67 percent to 51 percent, it said.
It added that in the past Statoil has looked at potential
deals with firms like Anadarko Petroleum Corp., EOG
Resources Inc. and BG Group Plc, but a deal with
a firm so large would make it difficult for the government to
keep a majority stake.
Statoil declined to comment.