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Noreco completes major Shell acquisition

Oil company Noreco completes its total acquisition of Shell's oil and gas extraction in the North Sea, thus becoming the second-largest producer of oil and gas in Denmark.

Photo: Shell PR

The North Sea just got a new major player, which intends to cultivate the region for all the resources it holds. Norwegian-based Noreco has thus finally completed its acquisition of Shell's oil and gas extraction in the North Sea, confirms Noreco on its own website.

The acquisition is valued at USD 1.9 billion.

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