Deal Insight
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 ...
Table of contents
- 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
Tables and charts
This report includes 7 images and tables including:
- 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
What's included
This report contains:
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