Centrica acquires asset package from Statoil in Norway's Heimdal Area
Centrica has acquired part of Statoil's interests in the Norwegian Kvitebjørn, Heimdal and Valemon fields, its full interests in the Skirne-Byggve and Vale fields, plus five technical discoveries. All of the transferred assets are located in Centrica's existing core Heimdal area. The consideration is US$1,625 million, of which US$100 million is contingent on future production performance from Kvitebjørn. We value the assets at US$1,133 million (NPV10, discounted to 1 ...