Lundin Petroleum has agreed to acquire an additional 25% interest in the Norway offshore PL359, which contains the Luno II discovery, Lundin said in a press release.
Lundin will acquire a 30% interest from Premier Oil for a cash consideration of $17.5 million.
The company will simultaneously sell a 5% interest to OMV.
Lundin operates PL359 and will have a total interest of 65% following completion of the transactions.
Statoil holds a 15% interest, and OMV will hold a 20% after the deal.