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Norwegian Energy Co ASA

Company Summary

Recent news

  • 10/17/2018 - Shell Sells Upstream... (subscriber access)

Company Transactions

Date: 1/1/2017
Type: Acquisition

DETAILS:

COST: 1.9 $B

VOLUMES: 67 MBOE/d

NOTES:
Shell reached an agreement with Noreco to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion. The sale depicts production of some 67 Mboe/d (Shell's share) in 2017. The transaction is expected to close in 2019 and will contain an effective date of January 1, 2017.
REGIONS:
  • North Sea