E.On has agreed to sell its North Sea Norwegian E&P assets for $1.6bn to DEA (Deutsche Erdoel AG). E.On E&P Norge holds the Norwegian portfolio of E.On’s oil and gas North Sea upstream business, comprising equity interests in 43 licences including a 28% interest in Skarv and a 30% interest in Njord. The group’s UK E&P business remains under strategic review.
14 Oct 2015
Divestment of Norwegian E&P business for $1.6bn
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Divestment of Norwegian E&P business for $1.6bn
E.ON SE (EOAN:WBO) | 0 0 1.3% | Mkt Cap: 17,847m
- Published:
14 Oct 2015 -
Author:
Juan Camilo Rodriguez -
Pages:
2
E.On has agreed to sell its North Sea Norwegian E&P assets for $1.6bn to DEA (Deutsche Erdoel AG). E.On E&P Norge holds the Norwegian portfolio of E.On’s oil and gas North Sea upstream business, comprising equity interests in 43 licences including a 28% interest in Skarv and a 30% interest in Njord. The group’s UK E&P business remains under strategic review.