North Sea Infrastructure AS (NSI) is pleased to announce that it has successfully closed the transaction with TOTAL E&P NORGE AS for purchase of TOTAL’s 5% participating interest in Vestprosess DA.

This previously announced transaction has now received all necessary partner and authority approvals and was as such successfully closed today.

NSI is a Norwegian based company, whose strategy is to develop a portfolio of midstream assets related to the Norwegian Continental Shelf.

NSI now holds a total participating interest in Vestprosess DA of 13% along with its existing participating interest in Nyhamna JV of 13,7% and also recently signed an SPA with ExxonMobil for an additional 10% participating interest in Vestprosess.