Source Pravda.Ru

Norwegian Energy Co to acquire Talisman's oil Danish unit

Talisman Energy Inc will sell its oil Danish unit to Norwegian Energy Co for $83 million.

In addition, Noreco, an oil and gas explorer, announced its plans to finance the purchase through a private placement of a minimum of 300 million crowns and up to 450 million crowns ($59 million to $88 million), whereof the minimum amount has been guaranteed.

Canada 's largest petroleum SB company, Talisman, reported its revenue from the field in 2007 constituted about 2,600 barrels of oil equivalent a day.

The interests in the Danish sector means 30 percent of License 6/95, which contains the Siri field.