Source Pravda.Ru

Hydro Sells Interest In Six Njord And Brage Licenses

As part of active management of Hydro's oil and gas portfolio Hydro has sold interests in six licenses in the Njord and Brage area to OER Offshore Engineering Resources A/S. The divestments will result in an estimated accounting gain of approximately NOK 70 million.

Hydro has signed an agreement with OER for the sale of 4.4424% in Brage Unit (20.6% share in PL053B and 3.2% share in each of PL055, PL055B and PL185) and 2.5% in Njord Unit (2.5% in each of PL107 and PL132).

Hydro will retain a 20% share in Brage and a 20% share in Njord and remain operator of both fields. As a result of this sale Hydro's equity will be harmonized in all four Brage licenses. The transaction is subject to necessary approvals from Norwegian authorities.

©

&to=http://www.hydro.com/' target=_blank>HYDRO

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Russian Guard to see enemies behind walls
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia to spend trillions to upgrade its army and navy before 2027
Bloomberg makes gloomy forecast of brightless future for Russia
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Should Russian athletes go to non-Olympic Games in South Korea?
Aliens invade US-Russian relationship
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Surviving Gaddafi to run for president of Libya
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russian athletes announce their decision about 2018 Winter Olympic Games
Russia starts transforming Syria
Russia starts transforming Syria
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Human Organs Trafficking Prospers Amid Crisis