One-Page Deal Sheet
Noble Energy Sells North Sea Assets to Maersk
Maersk Oil Noble Energy, Inc.
Announced Date
May 31,2012
Effective Date
January 01,2012
Close Date
August 13,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
127
Location
Calculated Metrics( EV/Category)
Region
Europe,North Sea,Offshore,International
Country
United Kingdom
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Noble Energy, Inc. announced today that it has entered into a definitive agreement with Maersk Oil North Sea Limited for the sale of certain assets located in the North Sea of the UK. The sale includes the Company's thirty percent non-operated working interest in the Dumbarton and Lochranza properties, which produced approximately 4,400 barrels of oil equivalent (Boe) per day, net to Noble Energy, in the first quarter of 2012. At the end of 2011, net proved reserves at Dumbarton and Lochranza were 5.6 million Boe.
Noble Energy will receive $127MM, subject to customary adjustments for net cash…