Norwest sells North Sea assets

Norwest Energy has reached agreement with Fairfield Energy to sell its UK North Sea assets for $1.6 million.

Offshore staff

PERTH -- Norwest Energy has reached agreement with Fairfield Energy to sell its UK North Sea assets for $1.6 million. The transaction is for the sale of all of Norwest's North Sea interests comprising the 25% interest in the Cobra gas discovery and its interest in several exploration licenses in the Inner Moray Firth.

The transaction is subject to partner, UK government, and other regulatory approvals.

04/07/2009

More in Company News