Svenska Petroleum Exploration divests its Norwegian subsidiary to Det norske oljeselskap ASA
Svenska Petroleum Exploration AB has divested its Norwegian subsidiary Svenska Petroleum Exploration AS to Det norske oljeselskap ASA, listed on the Oslo Stock Exchange, for a cash consideration of USD 75 million (on a cash and debt free basis).
Svenska Petroleum Exploration AS is an oil and gas company holding 13 licenses in the North Sea and four exploration licenses in the Norwegian Sea. The company has 15 employees.