North Energy AS (OB:NORTH) acquired production licenses 498, 503 and 503B from 4sea energy AS for NOK 37 million on January 8, 2013. Following the transaction, 4sea energy will be left without employees, licenses and operations. The transaction was approved by the Norwegian government.

North Energy AS (OB:NORTH) completed the acquisition of production licenses 498, 503 and 503B from 4sea energy AS on January 8, 2013.