JX Nippon Exploration and Production UK Ltd has announced the acquisition of a portfolio of non-operated UK interests from Eni. Most of the value in this deal is attributable to technically challenging development assets such as the Mariner heavy oil field and the high pressure/high temperature Culzean development, but the package includes a number of more mature properties. No consideration has been disclosed, but we value the assets transferred at US$1.11 billion (NPV10, 1 January 2012) ...
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Deal insight | Dec 2012
JX Nippon acquires portfolio of UK North Sea assets from Eni
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