One-Page Deal Sheet
Sequa Inks Deal for Wintershall's North Sea Interests; Tellus Petroleum
Sequa Petroleum Nv Wintershall
Announced Date
June 18,2015
Effective Date
January 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
602
Asset/Basin:
{"North Sea"}
Location
Calculated Metrics( EV/Category)
Region
Offshore,North Sea
Country
Norway
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Sequa Petroleum NV reported that an agreement has been reached for the acquisition of Tellus Petroleum Invest AS and its subsidiary Tellus Petroleum AS a company registered in Norway .
Concurrent with the acquisition, Tellus has entered into an agreement with Wintershall Norge AS to complete a large asset portfolio transaction on the Norwegian Continental Shelf (NCS) acquiring working interests in 4 fields; Knarr 20%, Maria 15%, Ivar Aasen 6.5% and Veslefrikk 4.5%. Interests in seven exploration licenses and 10% in PL316 which contains Yme are also included in the transaction. As is normal…