Det Norske Acquires Licenses from Centrica
Monday 18 April 2016
Det norske oljeselskap ASA has entered into an agreement with Centrica Resources Norge AS 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.