Bayerngas Norge AS

Latest Bayerngas Norge AS News

• The enterprise value of the proposed acquisition of Agora as at 1 January 2012 was $375 million (m), including $58m of potential tax shelter in the UK and Norway.

• Fairfield Energy Limited announce that the first development well for the Clipper South gas field was spudded on 8th February.

• Songa Delta is about to conclude the drilling of exploration well 25/6-4 S on the Kalvklumpen Prospect in production license PL414. Det norske oljeselskap operates the license, holding a 40 percent interest.

• Germany's Bayerngas initiates talks to enter Nabucco gas pipeline consortium by becoming a shareholder in the project that was established to develop, construct and operate the Nabucco pipeline
• Austrian Minister of Economy, Dr. Reinhold Mitterlehner and the Bavarian State Minister for Economy, Mr Martin Zeil in Vienna held a meeting on Friday to discuss Bayerngas' entry into Europe's flagship project
• Bayerngas anticipates that the negotiations will be completed as early as 2012
• Presently, each shareholder holds an equal share of 16.67% of Nabucco Gas Pipeline International GmbH

• Installation of the jacket and topsides for the Clipper South gas field completed successfully
• The 1900 tonne topside has been designed to optimise recovery of tight gas from the Permian reservoir at Clipper South
• The drilling campaign is due to start in October 2011 to deliver first gas in early 2012
• Fairfield holds a 25% interest in Clipper South along with Operator RWE Dea UK SNS Limited (50%) and partner Bayerngas North Sea Ltd (25%)

Bayerngas Norge AS Who's Who

Bayerngas Norge AS Offices