PA Resources has agreed to sell its 30% interest in Dutch North Sea blocks Q7 and Q10a to Tulip Oil, subject to regulatory approval.
Offshore staff
STOCKHOLM, Sweden – PA Resources has agreed to sell its 30% interest in Dutch North Sea blocks Q7 and Q10a to Tulip Oil, subject to regulatory approval.
Tulip will pay a consideration of £1 million ($1.6 million) on completion of the transaction, with a further payment contingent on certain milestones being met.
