Posted AT 6:24 AM EST on 05/09/08
GDF Suez to buy NAM's North Sea assets
PARIS French energy giant GDF Suez said Friday it is in exclusive talks with Dutch oil company NAM to acquire oil and gas assets in the North Sea for €1.075-billion ($1.56-billion U.S.).
The acquisition is a step toward achieving GDF Suez's medium-term objective of lifting its proven and probable reserves to 1.5 billion barrels of oil equivalent, executive vice president for global gas Jean-Marie Dauger said in a statement.
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