Maersk Oil, owned by A.P. Moeller-Maersk, has bought Noble Energy’s 30 percent share of the Dumbarton and Lochranza fields, along with the floating production unit, FPSO, Global Producer III.
A USD 127 million purchase, the sale is expected to be completed by the third quarter of 2012.
“This transaction is an important step towards realizing Maersk Oil’s growth aspirations for its UK business. We see a lot of potential in the area both in terms of further developments and tying back discoveries to Global Producer III,” managing director of Maersk Oil UK, Rune Pedersen, says in a press release.
The Dumbarton and Lochranza fields combined will produce approximately 20,000 barrels of oil equivalent per day, says Maersk.