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Apache North Sea to Acquire Mobil North Sea for $1,750m - Apache's Move to Boost its North Sea Business Significantly
GlobalData, Dec 2011, Pages: 7
Apache North Sea to Acquire Mobil North Sea for $1,750m - Apache’s Move to Boost its North Sea Business Significantly - Deal Analysis From GlobalData
Summary
Apache North Sea Limited, a subsidiary of Apache Corporation, agreed to acquire Mobil North Sea LLC from Exxon Mobil Corporation for a purchase consideration of $1,750m in cash. The transaction will enable Apache to expand its presence in the North Sea. With the transaction, Apache is expected to increase its North Sea production by 54% and proved reserves by 44%. The transaction is subject to regulatory approvals and preferential rights and is expected to be completed by the end of 2011.
Scope
- Rationale behind Apache North Sea acquiring Mobil North Sea LLC,
- Strategic benefits for the companies involved,
- Geography covered - The UK
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in European industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the UK's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
Keywords
Apache, North Sea, Mobil North Sea, Exxon, Forties, Beryl, Scott, Telford, Benbecula, SAGE
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