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Marubeni acquires Noreco's interest in Enoch and Oselvar

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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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    Marubeni acquires Noreco's interest in Enoch and Oselvar

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Table of contents

  • Executive summary
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

Tables

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

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