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Marubeni acquires Noreco's interest in Enoch and Oselvar

Marubeni acquires Noreco's interest in Enoch and Oselvar

Report summary

On 29 September 2010, Noreco announced the sale of its 21.8% share in Enoch - Norway, and its 15% share in Oselvar, to Marubeni. The deal also includes corresponding shares in licences PL274 and PL274CS for Oselvar and PL048D for Enoch - Norway. The consideration for the deal is US$43 million. The deal is effective from 1 January 2010, and includes a settlement for 2010 of around US$33 million net to Noreco, mainly representing costs incurred on Oselvar.The deal is subject to approval ...

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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  • Executive summary
  • Upstream assets
    • Enoch - Norway
    • Oselvar
    • Ispwich (technical reserve)
  • Deal analysis
  • Strategic rationale
    • Noreco's perspective
    • Marubeni's perspective
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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