Offshore staff
KASSEL, Germany – Wintershall has completed its sale of various UK North Sea interests to Hungary’s MOL Group for $375 million. The two had first announced the transaction last December.
MOL gains stakes in 14 licenses including non-operated equity in theBroom field (29%), the Catcher (20%), Cladhan (33.5%), and Scolty/Crathes (50%) developments.
Additionally, it takes Wintershall’s share of infrastructure on the Sullom Voe terminal in Shetland and the Brent pipeline system.
The full license details are as follows:
Transaction overview:Asset | License number | Status | Equity sold to MOL | OperatorPartners (before transaction) |
Broom | P242/ P902 | Producing | -29% | EnQuest (63%) Ithaca Energy (8%) |
Broom area | P1967 | Exploration | -50% | EnQuest (50%) |
Cladhan | P1064 | Development | -33.5% | TAQA (52.7%) Sterling (13.8%) |
Cladhan South | P1680 | Exploration | -36% | TAQA (64%) |
Catcher | P1430 | Development | -20% | Premier Oil (50%) Cairn Energy (30%) |
Catcher area | P2086/ P2040 | Exploration | -20% | Premier Oil (35%) Cairn Energy (35%) Statoil (10%) |
Scolty/ Crathes | P1107/ P1617 | Development | -50% | EnQuest (40%) Ithaca Energy (10%) |
Scolty/ Crathes area | P2084 | Exploration | -50% | EnQuest (50%) |
P1972 | Exploration | -57% | Wintershall (57%) Tullow (43%) | |
Blakeney | P1619 | Exploration | -75% | Wintershall (75%) Sterling (25%) |
Lucius prospect | P1633 | Exploration | -18,88% | MPX (16.67%) Cairn Energy (27.78%) TAQA (20%) Dyas (16.67%) |
03/25/2014
