Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Verus announces signing of SPA for acquisistion of operated interest in the Baggage gas field from Premier Oil
    édité le 30/04/2018 - Plus de news de "NEO Energy" - Voir la fiche entreprise de "NEO Energy"


Verus announces signing of SPA for acquisistion of operated interest in the Baggage gas field from Premier Oil
Verus Petroleum is pleased to announce the signing of a Sale & Purchase Agreement (SPA) for the acquisition of a 47% operated interest in the Babbage gas field from Premier Oil. The consideration is £45.9 million with an economic date of 1 January 2018. This acquisition adds approximately 2,400 boepd to Verus’s daily production. The Babbage field is located in the Southern North Sea.

Verus will also acquire 50% operated interests in Licences P.2212, P.2290 and P.2301, adjacent to Babbage. Verus plan to drill a well in 2019 to prove additional gas volumes which could be tied back to Babbage some 10kms away.

The transaction will be funded by a combination of debt and existing cash. Verus’s existing lender Nedbank Limited supports the transaction and the existing Reserves Based Lending (RBL) Facility will be increased and amended to allow for the participation of several additional banks who are also supportive of the transaction.

Commenting on the deal, Verus’s CEO Alan Curran said:

“Verus is pleased to have signed this SPA with Premier Oil. This transaction builds upon our Boa acquisition last year, the drilling of two infill wells at Boa and our recently announced acquisition of an interest in the Alba field. The combined Alba and Babbage acquisitions increases our net production to more than 8,700 boepd and our reserves to nearly 24 MMboe. The transactions are consistent with the Verus strategy of expanding our production base and cash flow. Boa, Alba and Babbage are all long life assets with strong cash generation. As part of this transaction Verus intend to become the Babbage Operator which is a strategically important step for the company.”

The transaction is subject to the satisfaction or waiver of a number of conditions including pre-emption and operatorship rights of existing joint venture partners and regulatory approvals and is expected to complete in the fourth quarter of 2018.

Verus is focused on the creation of value through the acquisition of high quality production assets and, over time, through increased exposure to development projects.

About Verus Petroleum

Verus Petroleum a production and development company focused on the UKCS with a strong commercial, operational and technical track record and ambitious growth plans in the region. Over the next few years we will build a high quality, sustainable business.

About Premier Oil

Premier Oil plc, founded in 1934 and headquartered in London, is a leading independent exploration and production company with significant oil and gas interests and operations in the North Sea, South East Asia, Pakistan and the Falkland Islands. The company produces around 60,000 boepd and it has an existing portfolio of producing, development and exploration opportunities.


Origine : Communiqué NEO Energy

Voir la fiche entreprise de "NEO Energy"



Les dernières news de "NEO Energy"

 
 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi cgg chevron china chiyoda cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engineering eni equinor equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany ghana gnl gtt gulf-of-mexico hess india indonesia inpex iraq italy jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pemex petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger senegal shale-gas shell socar sonatrach south-stream statoil subsea subsea-7 survey tap technip technipfmc texas total transocean tullow turbine ufip uk us vallourec vopak well wintershall wood-group woodside



Europétrole © 2003 - 2021