Det Norske Acquires Licenses from Centrica

Source: www.gulfoilandgas.com 4/18/2016, Location: Europe

Det norske oljeselskap ASA (Det norske) has entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As compensation will Det norske cover the expenses of the licenses with effective date of 1 January 2016.

The portfolio consists of 30 percent ownership in the licenses PL 442, PL 026B and PL 026, including the operatorship in Frigg Gamma Delta. The transaction is subject to regulatory approvals.


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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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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