Announced
Financials
Sources
Tags
Friendly
Norway
Majority
Pending
Single Bidder
Private
offshore oil and gas
Acquisition
Infrastructure
Offshore Drilling and Other Services
Cross Border
Synopsis
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%.
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