The acquisition is part of Wintershall’s efforts to boost its Norwegian production from about 40,000 barrels of oil equivalent per day (boepd) to approximately 60,000 boepd.
Wintershall has acquired a 5% interest in the Gjøa field and a 24.5% stake in the Vega field.
Additionally, the deal includes Wintershall’s acquisition of a 24% stake in the Aasta Hansteen development project, a 19% interest in the Asterix discovery and a 13.2% stake in the Polarled pipeline project.
The firm will also acquire stakes in four other exploration licenses near Aasta Hansteen and assume operatorship of the Vega production field.
Wintershall chairman of the board of executive directors Rainer Seele said: "With this transaction, we are taking a major step towards achieving our goal of establishing ourselves as one of the leading oil and gas companies in Norway.
"Last year we took over the operatorship of the Brage platform and commenced the self-operated production of oil and gas in Norway."
The transaction, which includes a cash consideration of $1.25bn and another $50m consideration contingent on Aasta Hansteen milestones, allows Statoil to redeploy about $1.8bn of capital expenditure for the period from the effective date until the end of the decade.
Statoil and Wintershall will also work together in developing the exploration potential of the Vøring Basin.
