The US' Marathon Oil has agreed to sell most of its Irish assets to PETRONAS for $180 million.also include a 100% interest in the company's gas storage business with current capacity of 7 billion cubic feet.
This acquisition includes a 86% stake in the producing Seven Heads gas fieldand a 100% operated interest in the Kinsale Head Area comprising Kinsale Head, South West Kinsale and the Ballycotton gas fields, as well as an 86% interest in the gas producing Seven Heads field which is tied back to Kinsale. All the gas fields at Kinsale area are estimated for current net production of 36 million cf/day.
Petronas subsidiary Star Energy was appointed for Petronas behalf responsible for the acquisition.
No comments:
Post a Comment