Nuon buys into Dutch North Sea

Nuon has acquired 100% of the share capital of Burlington Resources Nederland Petroleum (BRN) from ConocoPhillips.

Offshore Staff

AMSTERDAM -- Nuon has acquired 100% of the share capital of Burlington Resources Nederland Petroleum (BRN) from ConocoPhillips. With this transaction, Nuon becomes shareholder in 35 gas fields in the Dutch North Sea, as well as gas pipelines and processing facilities.

BRN is an exploration and production company with a portfolio including gas production, development, transportation, and processing infrastructure. BRN holds upstream interests in 35 fields on the Dutch North Sea shelf, of which 28 are located in the Joint Development Area.

In addition to the fields, BRN holds interests in the Westgastransport Pipeline and Pipeline Extension, as well as in the onshore Den Helder facility with HiCal and LoCal gas processing plants and the JDA LoCal pipeline. The assets are operated either by NAM or by Wintershall.

All of BRN's producing fields are connected to the Dutch gas grid with gas landing at the onshore Den Helder facility.

06/13/2008

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