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Centrica PLC Acquires Assets on the Norwegian Continental Shelf from Statoil ASA
Statoil ASA announced that it has decided to farm down three and exit five assets on the Norwegian Continental Shelf (NCS) for the consideration of USD 1.625 billion. The buyer is Centrica, a UK based energy company and established NCS player. The effective date of the transaction is January 1, 2012. The transaction is pending government approvals. Lambert Energy Advisory Ltd were sole advisors to Statoil on this process.
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