16 Dec 2015 18:05

Fridman's L1 buys E.ON's Norwegian oil and gas fields

MOSCOW. Dec 16 (Interfax) - DEA Deutsche Erdoel, which is owned by Mikhail Fridman's LetterOne (L1), has closed its deal to buy 100% of the shares of E.ON's Norwegian oil and gas business, E.ON E&P Norge AS, the company said in a statement.

This more than doubles current production in Norway to 75,000 barrels of oil equivalent per day (boe/d).

The deal comprises equity interests in 43 licenses in the North Sea, Norwegian Sea and Barents Sea, and adds production of around 45,000 boe/d through working interests in three producing oil and gas fields, namely Skarv (28.1%), Njord (30%) and Hyme (17.5%).

DEA Norge previously held 31 licenses.