Northern Petroleum

Northern Petroleum sold its Netherlands subsidiary to Vermilion Energy for USD 26.7 million. In addition, Northern Petroleum will receive a 20% interest in any net profit generated from the Papekop oil and gas discovery onshore the Netherlands and a 10% net profit interest over any future production from unconventional reservoirs that lie primarily in the Posidonia shale sequence.


Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.