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Tullow Oil agrees to acquire Norwegian exploration company, Spring Energy, for US$372.3 million

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11 December 2012

Tullow Oil agrees to acquire Norwegian exploration company, Spring Energy, for US$372.3 million

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
    • 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:

  • Document

    Tullow Oil agrees to acquire Norwegian exploration company, Spring Energy, for US$372.3 million

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