Det norske completes Premier Oil Norge acquisition
TRONDHEIM, Norway -- Det norske oljeselskap has completed the acquisition of Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets, for a net consideration of $120 million on a cash free, debt basis.
Premier’s Norwegian assets comprises the operated Vette development and adjacent Mackerel and Herring discoveries (50% interest), a non-operated interest in Frøy field (50% interest) and seven exploration licenses in the North Sea. Premier has 26 employees in Norway.
