One-Page Deal Sheet
Statoil Acquires Deepwater Assets
Equinor Ovintiv Inc
Announced Date
March 26,2010
Close Date
May 26,2005
Transaction Type
Property
Enterprise Value (EV)($MM)
2000
Asset/Basin:
{"Gulf of Mexico Deepwater"}
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
Statoil and affiliates of EnCana Corporation have today signed
an agreement whereby Statoil will acquire EnCana's entire Deepwater US Gulf of
Mexico portfolio. For this, Statoil will pay EnCana US $2.0 billion.
The portfolio is comprised of a number of high quality discoveries and
exploration opportunities, with the potential to deliver 30,000 net barrels
oil equivalent per day by 2008/9, increasing to more than 100,000 net barrels
after 2012. The acquired properties contain expected discovered resources of
334 million net barrels oil equivalent, and expected total resources in excess
of 500 million…
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