Company News: Perenco buying UK North Sea properties from BG Group

Oil and gas company property divestitures have accelerated this year, and recent activity included two North Sea property deals.UK independent Perenco PLC agreed to buy for $135 million cash some southern UK North Sea gas properties from BG Group PLC, including BG's interest in 11 nonoperated fields. Separately, Norway's Statoil ASA acquired interests in two Norwegian North Sea licenses from Enterprise Oil Norge AS, a unit of Norske Shell AS.Elsewhere, ChevronTexaco Corp. announced plans to sell 100 properties in California, Texas, Louisiana, Oklahoma, Wyoming, and Alberta. The company's net share of production from the properties is 25,000 boe/d. Multiple regional packages wi...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected