Nine firms buy Norwegian government's offshore stake

04/08/2002
Norway's Ministry of Petroleum and Energy has sold a 6.5% stake in the country's offshore oil and gas reserves to nine companies. Click here to enlarge imageA total of 30 licenses were sold as part of a sale of the State's Direct Financial Interest (SDFI), Norwegian officials said. Buyers were Norsk Hydro AS, TotalFinaElf SA, Royal Dutch/Shell Group, Conoco Inc., Marathon Oil Co., Paladin Resources Norway AS, Gaz de France, Idemitsu Co., and DONG AS (Table 1).Licensing roundsIn a related announcement, energy officials said the government received applications from 13 oil companies for its 17th licensing round on the NCS. Companies include Agip SPA, BP PLC, ChevronTexaco Corp....
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