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Dong gobbles down Front

Dong gobbles down Front
Dong Energy has acquired Norwegian oil company Front Exploration. The acquisition includes office buildings, seven oil and gas licenses - including in the Barents Sea, and 20 employees.

Dong Energy has acquired Norwegian oil company Front Exploration. The acquisition includes office buildings, seven oil and gas licenses – including in the Barents Sea, and 20 employees.

Dong operates three oil and gas licenses in the Barents Sea. Further the company has acquired seismic data to Lofoten and Vesteralen, two areas in northern Norway with no access to oil and gas production as of today, but holding potential of becoming future priority areas for the industry.

Front holds stakes in PL506BS in the Norwegian North Sea, PL481 and PL538 in the Norwegian Sea, and PL518B, PL530, PL536, and PL396 in the Barents Sea.

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