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GDF Suez eyes Dutch oil assets worth €1 bln

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GDF Suez is in exclusive talks with the Dutch NAM oil venture, owned by Royal Dutch Shell and Exxon Mobil, to buy offshore assets worth €1.075 billion ($1.54 billion).

The exploration, production and transportation assets are situated along the NOGAT pipeline in the Dutch North Sea and own 3.3 million barrels of oil equivalent a year in equity oil and gas production, GDF Suez said in a statement.

NAM was reported earlier this year to be considering reopening more oilfields as oil prices remain above $100 a barrel.

GDF Suez shares were 0.1% firmer at €37.305. (Reuters)

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