Extended notice: Noreco acquires Shell’s Danish upstream assets
Norwegian Energy Company ASA's (“Noreco” or the “Company”) wholly owned subsidiary, Altinex AS (“Altinex”) has entered into an agreement to acquire Royal Dutch Shell Plc’s (“Shell”) upstream assets in Denmark (the “Acquisition”). Through the transaction, Noreco becomes the second largest oil and gas producer in Denmark and a considerable E&P company. Establishing Noreco as a considerable independent E&P company This acquisition will establish Noreco as an E&P company on the Danish Continental Shelf (“DCS”), and position it as the second largest oil and gas producer in the country.