Noreco reduces ownership in Xana licence
Published by Joseph Green,
Editor
Oilfield Technology,
As part of a multi-lateral agreement, a wholly owned subsidiary of Norwegian Energy Company ASA is reducing its ownership in licence 9/95 on the Danish continental shelf from 20.1% to 16%.
The ownership is being transferred to Nordsøfonden, which is the Danish State’s oil and gas company.
As previously reported, drilling of the exploration well 9/95 Xana commenced in December. The transfer of ownership has already been approved by the Danish authorities and becomes effective immediately. Nordsøfonden will consequently carry its share of the costs related to the Xana well.
Adapted from press release by Joe Green
Read the article online at: https://www.oilfieldtechnology.com/exploration/15012015/noreco-reduces-ownership-xana-licence-160/
You might also like
TotalEnergies increases its interest in giant field Moho and divests two mature assets
TotalEnergies announces that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses.
