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  • Idemitsu : Partial divestment of Barents Sea acreage
    édité le 22/10/2020


Idemitsu : Partial divestment of Barents Sea acreage
Idemitsu Petroleum Norge AS (IPN) is pleased to confirm that on 2 October 2020, a sale and purchase agreement was signed with Lundin Energy Norway AS under which IPN agrees to divest half of its Barents Sea portfolio to Lundin subject to the approval of its parent company, Idemitsu Kosan Co.,Ltd. and the Norwegian authorities.

About Idemitsu Petroleum Norge

Idemitsu Petroleum Norge (IPN) is a subsidiary of the Idemitsu Group, one of Japan’s largest energy corporations with 61 global offices and almost 13 000 employees worldwide.

We entered the Norwegian Continental Shelf (NCS) in 1989 by acquiring a stake in the Snorre field. Historically, our core area has been in the northern North Sea, but today we actively pursue opportunities all across the NCS.

About Lundin Energy

Lundin Energy has grown from an oil and gas exploration company into an experienced Nordic energy developer and operator. We continue to explore new ideas, new concepts and new solutions to maintain our position as an industry leader in production efficiency, sustainability and decarbonisation. (Nasdaq Stockholm: LUNE).



 
 
 
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