KUALA LUMPUR: Dagang Nexchange Bhd
's (Dnex) business unit, Ping Petroleum UK PLC, has expanded its North Sea portfolio with an additional three licences.
In a statement, Ping said two of the licences - for the Glenn and Hutton fields - are from the UK's 33rd licencing round, while the third is the Pilot development, after the business completed the acquisition of an 81.25% stake from Orcadian Energy.
