Noreco Norway confirmed it has divested its 15% participating interests in the Norwegian shelf licenses PL274 and PL 274 CS to CapeOmega for NOK210million.
The licences, which include the Oselvar field with its associated tax balances, will be transferred by the end of the year.
Noreco Norway is a subsidiary of Norwegian Energy Company ASA (Noreco). It was established in 2004.
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