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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 ...

What's included

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  • Document

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

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 3 images and tables including:

Tables

  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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