DONG sells oil & gas assets to INEOS, making the company the largest private enterprise operating in the North Sea
Petrochemical manufacturer INEOS announced today that it agreed to acquire all of DONG Energy’s oil and gas assets for total consideration of approximately $1.3 billion. The acquired assets produced 100 MBOEPD in 2016 and hold approximately 570 MMBOE of reserves across the Danish, Norwegian and U.K Shelves, according to a press release from the company Wednesday.

INEOS will purchase Dong Oil & Gas for an unconditional p...


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