Deal insight

Oranje-Nassau grabs bargain as distressed Sterling Resources sells its UK business at a discount

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Report summary

Canadian listed Sterling Resources has announced the sale of the UK arm of its business for US$163 million. This is the third notable North Sea deal announced in 2017 and will bring the total value traded to around US$4 billion with further deals in the pipeline. Following shareholder approval and subsequent deal completion Sterling Resources will be wound up. Conversely Oranje Nassau Energie has been looking to grow its portfolio in the Southern North Sea. This gas centric deal follows the acquisition of an interest in the Sean field from Shell in 2015.

What's included

This report contains

  • Document

    Oranje-Nassau grabs bargain as distressed Sterling Resources sells its UK business at a discount

    PDF 314.76 KB

Table of contents

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

Tables and charts

This report includes 8 images and tables including:

Images

  • Breagh gas production profile
  • Wood Mackenzie valuation and consideration paid

Tables

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

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