DEA Deutsche Erdoel AG, Hamburg, reported completion of the acquisition of all the shares of E.On E&P Norge AS (OGJ Online, Oct. 14, 2015).
E.On E&P Norge becomes a subsidiary of DEA Norge AS. The purchase more than doubles DEA’s Norwegian production to 75,000 boe/d.
The deal includes 43 licenses in the North Sea, the Norwegian Sea, and the Barents Sea. DEA Norge now holds 72 licenses.
DEA adds equity interests in producing oil and gas fields Skarv, Njord, and Hyme, and additional developments and discoveries including Snilehorn, Snadd, and Fogelberg.
The transaction was approved by the Norwegian Ministry of Petroleum and Energy, the Ministry of Finance, and the European Union competition authority, DEA said.