Det norske oljeselskap ASA has entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licences 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 comprises 30% 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.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/exploration/18042016/det-norske-acquires-licenses-from-centrica-3052/