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One-Page Deal Sheet

Mitsui & Co Acquires Assets In the UK North Sea From BP

Mitsui & Co. Ltd. BP Plc
AnnouncedJun 26, 2012
TypeProperty
Announced Date
June 26,2012
Close Date
June 26,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
280




Snapshot
Asset/Basin:
{"UK North Sea"}
Location
Region
Europe

Country
United Kingdom


Transaction Details:  Subscribe to see

Mitsui & Co., Ltd. has reached an agreement with BP p.l.c, concerning the acquisition of the British oil major's working interest in the Alba oil field and the Britannia gas and condensate field in the UK North Sea area. The sale and purchase agreement was signed on Jun 22, 2012. The completion of the transaction is subject to regulatory and other licensee approvals. This is Mitsui's first entry into producing assets in this area, adjacent to the massive European oil and gas market.

The Alba oil field and Britannia gas and condensate field are located approximately 200km northeast of Aberdeen…

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