Noreco Huntington License Agreement (Scandinavian Oil-Gas Magazine)

Noreco Huntington License Agreement

Published Dec 20, 2016

Norwegian Energy Company ASA has announced that its fully owned subsidiary Noreco Oil UK Limited has entered into an agreement to transfer its 20% participating interest in the Huntington license with all rights and obligations to Premier Oil E&P UK Limited.

The transaction will have an accounting effect of a net gain of NOK 225 million to be reflected in the full year accounts.

Tags: Noreco Oil UK Limited, Norwegian Energy Company ASA, Premier Oil E&P UK Limited

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