One-Page Deal Sheet
Exxon Sells UK North Sea Portfolio to NEO for $1.0 Billion
NEO Energy ExxonMobil
Announced Date
February 24,2021
Transaction Type
Royalty
Enterprise Value (EV)($MM)
1000
Asset/Basin:
["UK Central North Sea", "UK Northern North Sea"]
TargetZones:
[]
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Europe
Country
United Kingdom
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
ExxonMobil has agreed to sell its non-operated upstream assets in the United Kingdom central and northern North Sea. to HitecVision (through its wholly owned portfolio company NEO Energy)
The base purchase price is ~$1.0 billion, with additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices.
ExxonMobil will retain its non-operated share in upstream assets in the southern North Sea, and its share in the Shell Esso gas and liquids (SEGAL) infrastructure that supplies ethane to the company's Fife ethylene plant.
Asset DetailsThe…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-03-2022 |
-  |
- |
Click here | E&P | |
| Mar-18-2021 |
- |
- |
Click here | E&P | |
| Oct-16-2019 |
- |
- |
Click here | E&P | |
| Sep-26-2019 |
- |
- |
Click here | E&P | |
| Aug-22-2019 |
- |
- |
Click here | E&P |