Det norske acquires licenses from Centrica
Det norske oljeselskap ASA («Det norske») has entered into an agreement with Centrica Resources Norge AS («Centrica») to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries. As compensation Det norske will 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.