Danish Energy Agency approves Noreco’s acquisition of Shell’s Danish upstream assets
Norwegian Energy Company ASA (Noreco) has announced that Danish Energy Agency has granted its approval for Noreco’s acquisition of Shell’s Danish upstream assets from Royal Dutch Shell plc.
Included in the acquisition are proven and probable (2P) reserves of 209 million barrels of oil equivalents (mmboe) based on an independent CPR assessment as per year-end 2017, of which 65% are liquids. The seller’s share of production from DUC in 2017 was 67 thousand barrels of oil equivalents per day (mboepd).
Following the approval, Noreco will work towards closing the acquisition by the end of May 2019.
Country updates
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May 02, 2019
Eurowind selects Siemens Gamesa turbines to power up 77 MW wind project in Denmark
Siemens Gamesa has signed an order with Eurowind Energy for Thorup-Sletten, the largest onshore windfarm in Denmark to date. The 18 onshore turbines will have a total capacity of 77 MW and an electric...
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April 17, 2019
EQT closes fourth Infrastructure fund at EUR 9 billion
EQT Infrastructure IV held its first and final close at its hard cap of EUR 9 billion on March 12, 2019, after officially launching in September 2018. Demand from both existing and new investors was s...
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April 15, 2019
Denmark cancels planning permit for 350 MW Vesterhav Syd and Vesterhav Nord wind parks
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Vestas to supply turbines for 17 MW wind project in Denmark
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April 08, 2019
Aquila Capital completes purchase of 18 MW wind project from European Energy
German alternative investment manager, Aquila Capital has completed the purchase of an18 MW wind farm located in Ringkøbing-Skjern, Denmark from European Energy. The facility consists of six V...
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