Private equity firms Riverstone Holdings and Barclays Natural Resource Investments have each invested $200 million in Origo Exploration AS, an oil exploration company. Singapore-based investment company Temasek will contribute an additional $125 million investment.

Origo is headquartered in Stavanger, Norway, and will acquire exploration licenses in the Norwegian and U.K. continental shelves through farm-ins, license rounds and M&A activity. The company is planning to drill around 25 exploration wells over the next five years, and then move towards development and production.

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