Regional Reports

Maersk to take Noble Energy’s interests in certain North Sea fields

May 31, 2012

Maersk Oil has agreed to purchase for $127 million Noble Energy’s 30% interest in the Dumbarton and Lochranza fields in the UK central North Sea, and in the associated Global Producer III FPSO.

Offshore staff

COPENHAGEN, Denmark – Maersk Oil has agreed to purchase for $127 million Noble Energy’s 30% interest in the Dumbarton and Lochranza fields in the UK central North Sea, and in the associated Global Producer III FPSO.

Following completion, expected by end-summer, Maersk will hold 100% interest in the fields and the facility. This will give the company greater control over future tieback opportunities throughout the widerGlobal Producer III installation area.

Dumbarton and Lochranza deliver combined production of about 20,000 boe/d.

Noble says it is considering selling its other North Sea assets.

5/31/2012