Gulf Oil and Gas accountACCOUNT

Det Norske Farms Out 10% in PL 522 to Centrica

Source: www.gulfoilandgas.com 3/14/2011, Location: Europe

Det norske oljeselskap ASA has agreed to divest 10 percent in PL 522, blocks 6604/2, 3, 4, 5 & 6, to Centrica Resources Norge AS. Det norske is reducing its interest from 20 percent to 10 percent.

This Norwegian Sea license is operated by BG and includes the Gullris prospect located at 1300 meters water depth. Drilling operations on Gullris are scheduled to commence shortly, with the semi submersible drilling rig Aker Barents. The well is planned drilled to at total depth of 3500 meters.

Gullris is located between the Gro- and Asterix discoveries.

The PL 522 transaction is subject to approval by Norwegian authorities. Effective date is January 1st 2011.

CEO Erik Haugane says that this transaction is a part of Det norskes strategy.

- We recently bought an interest in a Barents Sea license (PL 438 with the Skalle-prospect). We will still hold a ten percent interest in this prospective license, and this confirms our belief in the Norwegian Sea deepwater exploration potential.

Acquisitions and Divestitures News in Norway >>

Brazil >>  8/18/2019 - BW Offshore (BWO) has announced that The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has granted BW Offshore status as oper...
Morocco >>  8/18/2019 - Announcing its unaudited results for the six months ended 30 June 2019, Genel Energy said that, on the Sidi Moussa block offshore Morocco (Genel 75% w...

Brazil >>  8/8/2019 - Petrobras has started the teaser for the sale of all its stakes in 11 shallow water production fields in the Campos Basin, jointly known as Polo Garou...
Kuwait >>  8/7/2019 - Kuwait's Petrochemical Industries Company (PIC) has acquired 49 percent of operations of South Korean SKC, and the two firms agreed to establish a joi...

France >>  8/5/2019 - Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for €260 million (about ...
Guinea Bissau >>  8/5/2019 - SPE Guinea Bissau AB (“Svenska GB”), a wholly owned subsidiary of Svenska Petroleum Exploration AB, Sweden, is the Operator of Block 2, the Sinapa Lic...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

More News

Related Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.