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Hess acquires Noreco's interest in South Arne for US$200 million

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11 August 2011

Hess acquires Noreco's interest in South Arne for US$200 million

Report summary

Norwegian independent Noreco has announced the divestment of its interest in the Danish South Arne field to Hess Corporation in exchange for a cash consideration of US$200 million. The deal is the latest in a series of divestments by Noreco aimed at reducing capital commitments and stabilising the company's financial position. For Hess, the acquisition is an opportunistic move to consolidate its interest in one of the company's key assets outside of North America. Under our base ...

Table of contents

Tables and charts

This report includes 9 images and tables including:

  • Executive summary: Table 1
  • Wood Mackenzie valuation - production and discount sensitivity
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • South Arne - Production vs costs (gross)
  • Upstream assets: Table 1
  • Noreco - estimated capital commitments and production

What's included

This report contains:

  • Document

    Hess acquires Noreco's interest in South Arne for US$200 million

    PDF 425.27 KB

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