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Article: Sweden's PA Resources AB sells oil and gas assets on the Norwegian continental shelf to Bayerngas GmbH.
- Article from:
- Nordic Business Report
- Article date:
- December 1, 2008
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NORDIC BUSINESS REPORT-1 December 2008-Sweden's PA Resources AB sells oil and gas assets on the Norwegian continental shelf to Bayerngas GmbH(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish oil and gas E&P company PA Resources AB (OSE:PAR)(OMX Stockholm:PAR) said on Monday (1 December) that it has agreed to sell its Norwegian subsidiary PA Resources Norway AS to Bayerngas Norge AS, a subsidiary of the German company Bayerngas GmbH.
The sales price amounts to approximately USD220m.
The transaction includes all of PA Resources' assets on the Norwegian continental shelf and is part of PA Resources' strategy to focus on developing its ...