CapeOmega AS (“CapeOmega”) has entered into a sales and purchase agreement with DEA Norge AS (“DEA”) on 30th November 2017 for the sale of DEA’s participating interest in Gassled, comprising the following:
- POLARLED 482 kilometre dry gas pipeline from Aasta Hansteen field to Nyhamna plant. DEA Norge share: 4.7910%.
- NYHAMNA Onshore gas processing plant located at the south end of Polarled pipeline in Aukra, Norway. DEA Norge share: 1.0649%
- GASSLED Norway Gas Transportation Network with export routes to the United Kingdom and continental Europe. DEA Norge share 0.0810% (includes Zeepipe Terminal 0.03946% and Dunkerque Terminal 0.05234%
The effective date of the transaction is 1st January 2018 and is conditional up on the approval of the Norwegian Ministry of Petroleum and Energy and from the Norwegian Ministry of Finance.
Shell is the TSP for the Nyhamna process facility.Source: gassco.no
Image courtesy of Kvaerner.
Gassco is the operator for the facility.
Nyhamna, Polarled and Gassled transaction between DEA Norge AS and CapeOmega
CapeOmega AS (“CapeOmega”) has entered into a sales and purchase agreement with DEA Norge AS (“DEA”) on 30th November 2017 for the sale of DEA’s participating interest in Gassled, comprising the following:
The effective date of the transaction is 1st January 2018 and is conditional up on the approval of the Norwegian Ministry of Petroleum and Energy and from the Norwegian Ministry of Finance.
Shell is the TSP for the Nyhamna process facility.Source: gassco.no
Image courtesy of Kvaerner.
Gassco is the operator for the facility.