Det norske set to purchase Noreco’s offshore Norway interests

Offshore staff

TRONDHEIM, NorwayDet norske oljeselskap has an agreement to acquire Noreco’s Norwegian license interests.

Noreco has seven licenses, including a 20% stake in the Gohta discovery (PL492) in the Barents Sea. However the company’s 4.36% in the Enoch field development is not part of the transaction.

CEO Karl Johnny Hersvik said: “Following the recent acquisition of both Svenska Petroleum Norway and Premier Oil’s Norwegian subsidiary, this takeover of Noreco Norway underlines Det norske’s belief in, and commitment to the Norwegian continental shelf.”

The deal remains subject to regulatory approvals and is contingent on approval from the NOR06 bondholders.


Share your news with Offshore at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...