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Energy Oil & Gas Refining & Marketing

Repsol, S.A. (Repsol) is an integrated energy company. The Company's segments include Upstream, Downstream, and Corporation and others. The Upstream segment carries out oil and natural gas exploration and production activities, and manages its project portfolio. The Downstream segment includes covers the supply and trading of crude oil and other products; oil refining and marketing of oil... see more

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Repsol Ord Shs > Repsol, Statoil Ink Asset Swap Deal

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Post by derrickanitha on Dec 11, 2015 5:31am

Repsol, Statoil Ink Asset Swap Deal

Statoil and Repsol have entered into an asset swap agreement, pursuant to which Statoil will farm-down 15% stake in the Gundrun field, NCS, and acquire 13% interest in the Eagle Ford JV from Repsol.

The Gudrun field, holding approximately 130 MMBOE, is a high pressure reservoir. The production from the field started in Apr-2014, and 2015 production is approximately 75 MBOE/d. Post transaction, Statoil will be the operator of the field with 36% interest...

For more: https://www.1derrick.com/repsol-statoil-ink-asset-swap-deal/17039/

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