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  • Det norske acquires Noreco’s Norwegian portfolio
    édité le 04/03/2016 - Plus de news de "Aker BP" - Voir la fiche entreprise de "Aker BP"


Det norske acquires Noreco’s Norwegian portfolio
Det norske oljeselskap ASA («Det norske») has entered into an agreement with Noreco Norway AS (“Noreco”) to acquire Noreco’s Norwegian license portfolio, including a ca. NOK 45 million cash balance. The effective date of the transaction is 1 January 2016.

The license portfolio consists of seven licenses on the Norwegian Continental Shelf, including a 20 percent interest in the Gohta discovery (PL492) in the Barents Sea. Noreco’s 4.36 percent interest in the Enoch field is not included in the transaction.

“Following the recent acquisition of both Svenska Petroleum Norway and Premier Oil’s Norwegian subsidiary, this take-over of Noreco Norway underlines Det norske’s belief in, and commitment to the Norwegian Continental Shelf”, says Karl Johnny Hersvik, CEO of Det norske.
The transaction is subject to regulatory approvals and contingent on approval from the NOR06 bondholders. Noreco has received pre-acceptance and voting commitments for the transaction from major bondholders holding a majority of outstanding bonds.

About Det norske

Det norske oljeselskap ASA (DETNOR) specialize in extracting petroleum resources on the Norwegian Continental Shelf (NCS). We are an ambitious company with significant exploration activity. Recently we have taken part in some major discoveries, Sverdrup being the single most important. During the first quarter of 2013 we will start producing our first own oil from Jette – the company’s first development as operator. Det norske has recently submitted Plan for Development and Operation (PDO) for the Ivar Aasen field to the authorities.

About Noreco

Noreco is an independent Norwegian oil- and gas company with focus on exploration, development and production in the North Sea region. Since incorporation in 2005, we have grown through license rounds and acquisitions. Noreco operates in Norway, Denmark and the United Kingdom, and employs around 55 oil and gas professionals.


Origine : Communiqué Aker BP

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