EnergyWatch

Noreco ready to invest in Denmark's North Sea

Noreco has received approval to buy Shell's Danish North Sea holdings and has announced that it is ready to invest in the region, which has otherwise gone through declining activity in recent years.

Photo: Noreco

Following the purchase of Shell's stake in the Danish continental shelf, Norway's Noreco announces its readiness to invest in the region, which has long gone through declining activity, Noreco Chair Riulf Rustad tells EnergyWatch's sister media ShippingWatch, after Denmark's energy regulator approved the deal worth USD 1.9 billion.

"We are highly confident in the Danish continental shelf. We think the Danish shelf has generally suffered from a lack of investment interest, and we would like to represent something else. We want to develop the Danish shelf and be a part of creating that development," Rustad says.

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