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Article: Norwegian authorities approve sale of PA Resources Norway AS to Bayerngas Norge AS.
- Article from:
- Nordic Business Report
- Article date:
- December 15, 2008
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NORDIC BUSINESS REPORT-15 December 2008-Norwegian authorities approve sale of PA Resources Norway AS to Bayerngas Norge AS(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 (15 December) that the Norwegian authorities have approved the previously announced sale of PA Resources Norway AS to Bayerngas Norge AS, a subsidiary of the German company Bayerngas GmbH.
The USD220m deal, announced initially on 1 December, covers all of PA Resources' oil and gas assets on the Norwegian continental shelf, including an interest in the Volve production licence and eleven ...