One-Page Deal Sheet
StatOil Makes Major Sale to OMV
OMV Group Equinor
Announced Date
August 19,2013
Effective Date
January 01,2013
Close Date
October 31,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
2650
Asset/Basin:
{"North Sea","West of Shetland"}
TargetZones:
{"Shetland/Lista for
Transaction Details: Subscribe to see
Statoil ASA has signed an agreement to divest minority interests in the Gullfaks and Gudrun fields offshore Norway and exit the non-core, non-operated Schiehallion and Rosebank fields, West of Shetlands.
In addition to the cash consideration of USD 2.65 billion, the transaction with Austrian oil and gas company OMV includes a contingent payment and involves a partnership between the two companies. Statoil reduces its ownership share in Gullfaks from 70 % to 51 % and from 75 % to 51 % in Gudrun, and retains its operatorships on both fields.
"Through this transaction, Statoil captures value…
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