Noreco announces the completion of the acquisition of Shell's Danish upstream assets, agreed in Oct â18 for USD 1.9 bn. Involved is Shell Olie-og Gasudvinding Danmark (SOGU), 209 MMboe 2P reserves, pipelines (Tyra West) and 36.8% interest in DUC. The sale is retro-effective 1 Jan â17. Noreco assumes Shellâs commitments + obligations, including Tyra re-devt. Shell retains its downstream assets, which include the Fredericia refinery and retail network.
Noreco announces the completion of the acquisition of Shell's Danish upstream assets, agreed in Oct â18 for USD 1.9 bn.