Norsk Hydro offers $2.56B for SpinnakerNorwegian company pledges ‘significant amount of wells’ for U.S. Gulf; Spinnaker has portfolio of discoveries, prospects Ray Tyson Petroleum News Contributing Writer
Norwegian company Norsk Hydro ASA, agreeing to shell out a cool $2.56 billion in cash to buy Texas-based Spinnaker Exploration, clearly would be positioned to become a major player in the U.S. Gulf of Mexico when the deal closes.
Spinnaker is a relatively small but aggressive and highly successful....
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Portfolio includes 25% of Thunder Hawk Hydro averages 575,000 boe per day
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