Norwegian Energy To Sell Its Interest In Norwegian Oil Fields Oselvar And Enoch To Marubeni: An Opportunity For Marubeni To Enter Norwegian North Sea
Norwegian Energy Company ASA (Noreco) signed an agreement to sell its shares in the Norwegian oil fields Oselvar and Enoch to Marubeni Corporation (Marubeni) for a sale consideration of $43m net of tax. The transaction is subject to approval by the Norwegian authorities. The transaction implies deal values of $7.96 per boe of proved reserves and $5.12 per boe of proved and probable reserves.
Scope
Rationale behind Norwegian Energy selling its Oselvar and Enoch fields,
Strategic Benefits for the companies involved,
Geography covered -Norway
Reasons to Buy
Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in European Oil & Gas industry
Identify the most lucrative segments to leverage on the growth oppurtunities available in the Norway's oil & gas market
Get a detailed analysis of a deal to enable you to take better decisions
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