Repsol launches sale of its Norwegian subsidiary- document [Reuters]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: Reuters
Investment bank Rothschild is running the sale of 10 assets located in the Norwegian Continental Shelf consisting of seven producing fields with net reserves of 53 mmboe (36% of them gas) and 2024 net production of 29 mboedp. The project, code-named Hemera, will include all employees, asset tax and asset tax histories, lease liabilities and decommissioning guarantees and obligations. A spokesperson for Repsol declined to comment. Rothschild spokesperson didn't reply to a request for comments outside business hours. The total value of the assets, which included operated and no-operated fields, is below $500 million, according to one source close to the deal. Reporting by Ron Bousso, writing by Andres Gonzalez, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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