This acquisition in Denmark will establish Noreco as an E&P company on the Danish Continental Shelf (“DCS”), and position it as the second largest oil and gas producer in the country. In addition, Noreco estimates significant reserves and production growth coming from existing resources (discoveries, EOR initiatives & new projects). Noreco har ingen lisenser på norsk sokkel.

Oppkjøp skapte nyheter

Mens Aker BP har kjøpt King Lear og PGNiG Tommeliten Alpha fra Equinor, har Noreco kjøpt Shells andeler i DUC i Danmark.

Aker BP betalte 3,25 for King Lear, mens PGNiG betalte 4,2 dollar per fat for Tommeliten Alpha.

Begge feltene ligger langt sør i norsk sektor av Nordsjøen. King Lear har utvinnbare 77 millioner fat o.e., mens Tommeliten Alpha med 52 millioner fat er litt mindre, ifølge Oljedirektoratet. Det er  ikke levert inn PUD for de to, så ressursestimatene er ennå usikre.

“The King Lear discovery is one of the largest undeveloped discoveries on the Norwegian Continental ShelfP. Our goal is to develop King Lear as a satellite to Ula. This will improve the capacity utilization at the Ula facilities and provide significant additional volumes of injection gas to support increased oil recovery from the Ula field, says Karl Johnny Hersvik, CEO of Aker BP”

Vedrørende Norecos oppkjøp sier Andy Brown, Shell’s Upstream Director, at “‘’Today’s announcement is consistent with Shell’s strategy to simplify its portfolio through a $30 billion divestment programme, and contributes to our goal of reshaping the company into a world class investment case.’’

The sale represents production of some 67,000 boe/d (Shell share) in 2017.

 

“While the market for asset acquisitions in Norway has become highly competitive and fully valued, investing in exploration is now all the more attractive as a means for portfolio development.”
ANDERS WITTEMANN, WEPC

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