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Noreco Transfers Interest in Huntington Licence to Premier Oil

Source: www.gulfoilandgas.com 12/19/2016, Location: Europe

Norwegian Energy Company ASA (Noreco) announces that its fully owned subsidiary Noreco Oil UK Limited has entered into an agreement to transfer its 20% participating interest in the Huntington license with all rights and obligations to Premier Oil E&P UK Limited. The transaction will have an accounting effect of a net gain of NOK 225 million to be reflected in the full year accounts.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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