28 March 2024
Trapoil acquires Reach Oil and Gas for $48 million
Publication date: 04 July 2011
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UK oil and gas exploration company Trapoil has acquired Reach Oil & Gas and its subsidiaries Reach Exploration and Reach Petroleum for £30 million ($48 million), the company announced today. Reach, also a British oil and gas exploration company, currently holds interests in 14 exploration licences in visual_editor4 blocks on the UK Continental Shelf (UKCS).