Deal Insight
Tullow Oil agrees to acquire Norwegian exploration company, Spring Energy, for US$372.3 million
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Report summary
On 11 December 2012, Tullow Oil announced the acquisition of Norwegian explorer Spring Energy, for a consideration of US$372.3 million. The Spring deal is effective from 1 September 2012, and remains subject to approval by the Norwegian authorities. The deal includes interests in the commercial Brage and Bream assets, but these only form a small part of the deal. Wood Mackenzie values these assets conservatively at US$42.8 million. In addition to the commercial assets, a number of technical ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
-
Strategic rationale
- Planned disposal of UK and Dutch Southern Gas Basin portfolios
- Global Exploration Update
- Oil & gas pricing and assumptions
Tables and charts
This report includes 3 images and tables including:
- Upstream assets: Table 1
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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