Norwegian Energy Co to acquire Talisman's oil Danish unit

Business
Norwegian Energy Co to acquire Talisman's oil Danish unit
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.