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One-Page Deal Sheet

Suncor Acquires 30% Interest in North Sea Rosebank Project

Suncor Energy Inc. OMV Group
AnnouncedAug 9, 2016
TypeWorking Interest
LocationNorth Sea
Announced Date
August 09,2016
Close Date
October 07,2016
Transaction Type
Working Interest




Snapshot
Location
Region
North Sea

Country
United Kingdom

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Closing Announcement – October 7, 2016

Suncor Energy has closed the previously announced purchase of a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited.

All necessary regulatory approvals have been received and as per the agreement, Suncor has made an initial payment of US$50 million to OMV (U.K.) Limited.

 Initial Announcement – August 9, 2016

Suncor Energy will acquire a 30 per cent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited.

Under the terms of the agreement, Suncor will make an initial payment of US…



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