Centrica merges oil business with Bayerngas to tap younger fields

By Karolin Schaps and Sanjeeban Sarkar on 7/17/2017

LONDON (Reuters) - Centrica has agreed with Bayerngas Norge to merge the companies' North Sea assets, creating the region's largest non-major oil and gas producer and allowing Centrica access to younger fields and to lower its decommissioning liabilities.

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