Centrica to create an E&P company with Bayerngas Norge

By Staff reporter 17 July 2017

Centrica’s European oil and gas exploration and production branch will merge with Norwegian company Bayerngas Norge to create a new independent European E&P company, Centrica announced in a statement on Monday.

The joint venture will be 69% owned by Centrica and 31% by Bayerngas. Centrica has said the transaction is expected to be completed in Q4 2017.

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