Norway-focused energy firm 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, both of which are located in the North Sea.
As compensation for the deal, Det norske stated that it will cover the expenses of the licenses with an effective date of January 1, 2016. The agreement comprises a 30 percent ownership in the PL 442, PL 026B and PL 026 licenses, including the operatorship of Frigg Gamma Delta.
The transaction, which is subject to regulatory approvals, follows Det norske’s announcement in March that it will acquire Noreco’s Norwegian portfolio.
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