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Oil industry getting ready for Sverdrup orders

Norwegian oil company Det Norske Oljeselskab acquires Marathon Oil Norge for USD 2.1 billion. The acquisition is attributed to, among other factors, the prospect of orders from the major Johan Sverdrup field.

Photo: Xervo

Det Norske Oljeselskap, headed by primary shareholder and Kjell Inge Røkke-dominated Aker, has closed a deal to acquire Marathon Oil Norge for USD 2.1 billion in cash, according to a statement issued on Monday and cited by numerous media, including Norwegian newspaper Dagens Næringsliv.

According to the statement, the acquisition is financed through a USD 2.1 billion loan facility provided by BNP Paribas, DNB, Nordea, and SEB.

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