Nobel acquires Maclure stake

OE Staff
Friday, September 9, 2016

UK independent Nobel Upstream has completed a deal to buy a 7.59% stake in the UK North Sea Maclure oil and gas field from Shell.

Maclure was discovered in 1991 and put into production in 2002. Production in 2016 has averaged 8200 boe/d. The field is operated by Maersk, which owns a 38.19% stake. In addition, TAQA and Apache hold 37.04% and 17.18% respectively.

Nobel says the acquisition is part of the company's strategy to build a balanced portfolio of upstream assets in the former Soviet Union and OECD countries. 

Jeremy Huck, CEO of Nobel Upstream, said: "We are very pleased that this important transaction in the North Sea has closed. Strong operational and economic performance this year has demonstrated that well-targeted investments in mature basins like the North Sea can deliver superior returns. We look forward to working with our partners on further development of the field and continue to pursue additional best-in-class opportunities”.

Categories: North Sea Europe Maersk

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