Noble Completes Sale of North Sea Assets (UK)

Noble Energy Completes Sale of North Sea Assets (UK)

Noble Energy, Inc. has closed the previously announced sale of the Dumbarton and Lochranza assets in the North Sea to Maersk Oil North Sea Limited.

Proceeds from the transaction were $117 million and included final closing adjustments from the effective date of January 1, 2012.

Maersk Oil has bought Noble’s 30% interest in the offshore fields, as well as the Global Producer III FPSO in the UK Central North Sea.

The Danish company now holds a 100% interest in Dumbarton and Lochranza and complete control of Global Producer III FPSO. Dumbarton and Lochranza produce combined around 20,000 barrels of oil equivalent per day.

Offshore Energy Today Staff, August 14, 2012