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9/6/08

FT.com - GDF Suez to buy Dutch North Sea assets - by Rebecca Bream

For the complete report from FT.com clicl on this link

GDF Suez to buy Dutch North Sea assets - by Rebecca Bream

Newly-formed French energy group GDF Suez said on Friday it was in exclusive talks to buy over €1bn worth of offshore oil and gas assets from a Dutch venture owned by Royal Dutch Shell and ExxonMobil. The exploration, production and transportation assets are situated in the Dutch North Sea and includes stakes of between 30 and 60 per cent in five producing fields. Nederlandse Aardolie Maatschappij (Nam), the Dutch venture, currently produces 3.3m barrels of oil equivalent per year from these assets.

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