PGNiG to acquire INEOS E&P Norge for $615m.

PGNiG, a Polish state-controlled oil and gas company, agreed to acquire INEOS E&P Norge, which holds interests in 22 licences on the Norwegian Continental Shelf, for $615m. The hydrocarbon resources to be acquired by the PGNiG Group amount to 117m barrels of oil equivalent, and will increase PGNiG's Norwegian resources by approximately 55%.