ONE completes acquisition of North Sea permit Q16a

Offshore staff

AMSTERDAM, the Netherlands – Oranje Nassau Energie B.V. has completed acquisition of 41.7% interest in the producing Q16 license in the North Sea.

The interest came from Nederlandse Aardolie Maatschappij, the Shell/ExxonMobil joint venture.

ONE CEO Alexander Berger said the acquisition of Q16a would make an excellent add-on to ONE’s recent acquisition of Cirrus Energy.

09/16/2011



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