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22/06/2015at 13:16

For sale: Norwegian oil activities for USD 6.5 billion

A new acquisition wave could emerge in the North Sea where oil majors are prepared to divest on a large scale, says Rystad Energy after Tellus Petroleum's purchase of several oil activities from Wintershall. Oil activities for upwards of USD 6.5 billion for sale, notes the company.
Photo: COSL
by DANIEL LOGAN

Late last week German oil giant Wintershall sold North Sea oil activities for USD 600 million to the small Norwegian player Tellus Petroleum.

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