Tullow finalises €288m acquisition of Norwegian energy firm
Published 22/01/2013 | 12:52
TULLOW Oil has completed its €288m takeover of Norway's Spring Energy, after originally announcing the deal in December.
The company said the acquisition has already brought it success.
Irish-led, UK-based Tullow has acquired bought Spring Energy to boost its exploration portfolio in Norway's North Sea oil fields.
In contrast Tullow is selling its UK and Netherlands by gas-production assets.
Just last week Spring Energy secured 13 off-shore licences awarded when Norway completed its 2012 licensing round.
The new licences are ''highly complementary and mostly adjacent to current acreage held,' Tullow said/
"I am delighted to welcome our new colleagues to Tullow and I look forward to working with them. The quality of their business and staff has been underlined by their exceptional performance in