One-Page Deal Sheet
Energean to Sell Edison's UK / North Sea Biz for $250 Million
Neptune Energy Group Holdings Ltd. Energean Oil & Gas
Announced Date
October 16,2019
Transaction Type
Asset
Enterprise Value (EV)($MM)
250
Asset/Basin:
{"North Sea"}
Transaction Details: Subscribe to see
Energean Oil and Gas plc has agreed to sell Edison E&P’s UK and Norwegian subsidiaries to Neptune Energy Group Holdings Limited for $250 million in cash.
The sale is contingent on Energean completing its proposal to acquire Edison E&P and is expected to close as soon as is reasonably practicable thereafter.
AssetsThe Edison E&P UK and Norway subsidiaries include the Nova (15% Working Interest) and Dvalin (10% Working Interest) gas developments offshore Norway, and in the UK, the producing Scott (10.5% Working Interest), Telford (15.7% Working Interest), Tors (68% Working Interest) and…