2012-09-18 07:25:25 - Centrica to Acquire Oil and Gas Assets in Norway North Sea from Statoil for $1,625m - Move to Strengthen Centricaâs Upstream Operations in the North Sea - Deal Analysis - a new market research report on companiesandmarkets.com
Centrica to Acquire Oil and Gas Assets in Norway North Sea from Statoil for $1,625m - Move to Strengthen Centricas Upstream Operations in the North Sea - Deal Analysis From GlobalData - Centrica plc (Centrica) agreed to acquire producing and developable oil and gas assets in the Norwegian sector of the North Sea from Statoil Petroleum AS, a wholly owned subsidiary of Statoil ASA (Statoil), for a purchase consideration of $1,625m, including a contingent consideration of $100m on future production performance of the KvitebjÃ¸rn asset. The transaction has an effective date of January 1, 2012. Lambert Energy Advisory Limited is acting as financial advisor to Statoil in the transaction. The transaction implies deal values of $47,794.12 per boe of daily
production and $13.89 per boe of 2P reserves.
- Rationale behind Centrica acquiring assets in NorwegianNorth Sea,
- Strategic benefits for the companies involved,
- Geography covered - Norway
Reasons To Buy
- Develop a sound understanding of the major M&As, Partnerships, and Joint Ventures taking place in European industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Norways oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
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