Announced
Completed
Financials
Tags
Private
Single Bidder
Integrated Oil and Gas
Acquisition
Friendly
Denmark
oil and gas
Majority
Synopsis
Noreco, wholly owned subsidiary, Altinex has entered into an agreement to acquire Royal Dutch Shell upstream assets in Denmark for $1.9bn. This acquisition will establish Noreco as an E&P company on the Danish Continental Shelf, and position it as the second largest oil and gas producer in the country. Noreco will post completion have a 36.8% non-operated interest in the Danish Underground Consortium with assets that comprise 15 fields in four producing hubs.
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