Noble Energy Reports Sale of North Sea Assets, Will Receive $127M; Says Continuing Efforts to Sell Non-Core US Onshore
Noble Energy (NYSE: NBL) announced today that it has entered into a definitive agreement with Maersk Oil North Sea Limited (OMX: MAERSKB) for the sale of certain assets located in the North Sea of the UK. The sale includes the Company's thirty percent non-operated working interest in the Dumbarton and Lochranza properties, which produced approximately 4,400 barrels of oil equivalent (Boe) per day, net to Noble Energy, in the first quarter of 2012. At the end of 2011, net proved reserves at Dumbarton and Lochranza were 5.6 million Boe.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.