Maersk Oil has agreed to acquire additional equity in the UK Central North Sea Dumbarton and Lochranza fields.
Maersk Oil has agreed to buy Noble Energy’s 30% equity in both fields and in the Global Producer III floating production ship in the Central North Sea for a price tag of US $127 million.
The deal will leave Maersk with 100% equity in both fields and total control over the Global Producer III FPSO. Danish-owned AP Moller – Maersk Group says the purchase will build opportunities for further use of the production ship.
“This transaction is an important step towards realising Maersk Oil’s growth aspirations for its UK business,” declaredd Martin Rune Pedersen, managing director of Maersk Oil UK.
His company says the deal is “…core to Maersk Oil’s UK operations and secures greater control over future development opportunities throughout the wider Global Producer III installation area.”
Noble and Maersk expect to close the deal in the third quarter this year and the two fields currently produce up to 20,000 boe/d.