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Germany's VNG buys Chevron's stake in Norwegian oilfield

Reuters - UK Focus

OSLO, June 19 (Reuters) - German energy firm VNG has agreed to buy U.S. oil firm Chevron (Amsterdam: CHTEX.AS - news) 's 7.56-percent stake in the Draugen field off Norway, it said on Thursday.

VNG did not say how much the deal was worth.

Royal Dutch Shell (Xetra: R6C1.DE - news) is the field's operator with a stake of 44.56 percent. Norwegian state-owned Petoro has the remaining 47.88 percent it he field situated in the Norwegian Sea. (Reporting by Gwladys Fouche)