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

05/19/2003
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...
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