The acquisition of Premier Oil Norge is completed

This article originates from the news archive of Det norske.

22. December 2015

Det norske oljeselskap ASA (DETNOR) announced 16 November an agreement to acquire Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets for a net consideration of USD 120 million on a cash free, debt basis. The acquisition is now completed.

Premier’s Norwegian assets comprises the operated Vette development and adjacent Mackerel and Herring discoveries (50 percent interest), a non-operated interest in the Frøy field (50 percent interest) and seven exploration licenses in the North Sea. Premier has 26 employees in Norway.

Read the article from 16 November here