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. “At the closing of this transaction, Statoil paid to PTTEP the sum of $200 million plus a working capital adjustment amount of $219 million,” the Norwegian company said in a statement . The Indonesian company joined Statoil at the Kai Kos Dehseh oil sands project in 2010. Statoil’s overall production from Canadian oil sands declined 6.3 percent from 2012 to 15,000 barrels of oil per day. The company attributed the decline to […]