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Neptune acquires Edison's North Sea assets from Energean for US$250 million

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17 October 2019

Neptune acquires Edison's North Sea assets from Energean for US$250 million

Report summary

Neptune Energy has acquired Edison E&P's North Sea portfolio from Energean Oil & Gas for a consideration of up to US$280 million. The initial consideration is US$250 million, with a contingent payment of up to US$30 million dependent on milestones reached at Glengorm and Isabella. The portfolio contains non-operated development, producing and exploration assets across the NCS and UKCS. Key assets include the Norwegian Nova (15%) and Dvalin (10%) development fields, and the UK Glengorm discovery (25%).

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Wood Mackenzie standalone asset NPV10, including Glengorm upside
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Neptune acquires Edison's North Sea assets from Energean for US$250 million

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