CapeOmega completes first asset acquisitions

Dec 01, 2015

CapeOmega has completed its first acquisitions:

–          15% interest in the Oselvar field in the Southern North Sea from Noreco Norway AS

–          2.895% interest (direct and indirect) in the Norwegian gas transport system Gassled from ConocoPhillips Scandinavia AS and Dong E&P Norge AS

CapeOmega is a late-life E&P company, established in 2014 to create value in mature fields on the NCS. The acquisition of the shares in Oselvar and Gassled fits well with the company’s strategy, and establishes CapeOmega as a new and growing player on the Norwegian Continental Shelf.