Apache acquire 11.5% non-operating interest in Nelson field from Total
On 28 April 2011, Apache announced the purchase of an 11.54% interest in the Nelson field from Total. The deal completed on 5 May 2011 and is effective from 1 April 2010. No consideration was disclosed. Wood Mackenzie's base case valuation of the deal has been run under 2010 fiscal terms and does not include the increase in Supplementary Charge announced in the March 2011 Budget. Parties Consideration Buyer(s) Apache Total Consideration (US$M) ...