The agreement, which kicks in from January 2017, will also see Statoil up its share in the vast Dogger Bank zone.

Sheringham Shoal, brought online off the coast Norfolk, eastern England, in 2012 is one of the world’s 10 largest producing offshore wind farms, flowing electricity to up to 220,000 homes in Britain.

“Taking over the operatorship for Sheringham Shoal represents a milestone for Statoil, as our first operatorship during commercial operations," says Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.

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