Quantcast
Channel: RSS Feed Directory » Utilize
Viewing all articles
Browse latest Browse all 4

Tullow Oil to Acquire 40% Interest in Tooq License Offshore Greenland from Maersk Oil – Acquisition to Help Tullow Utilize its Expertise in Developing Exploration Assets in the Frontier Region Deal Analysis from GlobalData

0
0

Price: $ 500 (Single User License) 

  

Tullow Oil to Acquire 40% Interest in Tooq License Offshore Greenland from Maersk Oil – Acquisition to Help Tullow Utilize its Expertise in Developing Exploration Assets in the Frontier Region Deal Analysis from GlobalDataSummaryTullow Oil Plc (Tullow) agreed to acquire a 40% interest in Block 9 (Tooq license) in Baffin Bay, offshore north-western Greenland, from Maersk Oil Kalaallit Nunaat A/S (Maersk), a subsidiary of Maersk Olie og Gas AS. The license covers an area of 11,802km2 in Baffin Bay, with a water depth range from 100m to 1,000m. Following the transaction, Maersk will hold a 47.5% interest and be the operator in the license. Greenland national oil company, Nunaoil A/S, holds the remaining 12.5% interest in the license. The acquisition will enable Tullow to strengthen its offshore oil and gas asset base in Greenland. Tullow has received approval from the government of Greenland for the transaction.Scope- Rationale behind Tullow Oil acquiring 40% Interest in Tooq License in offshore Greenland from Maersk Oil.- Rationale behind Maersk divesting stake in Tooq License.- Geography Covered- GreenlandReasons to buy- To know how acquisition will help Tullow utilize its expertise in developing exploration assets in the offshore Greenland.- To be aware of Tooq License as part of the potential frontier region of the Baffin Bay- Develop a sound understanding of how acquisition by Tullow is in line with its long-term business plan of investing in frontier regions.- To understand how Maersk plans to mitigate exploration risk in the Tooq License by divesting its stake.

Original Post Tullow Oil to Acquire 40% Interest in Tooq License Offshore Greenland from Maersk Oil – Acquisition to Help Tullow Utilize its Expertise in Developing Exploration Assets in the Frontier Region Deal Analysis from GlobalData source Researchmoz Market Research
Global Reports


Viewing all articles
Browse latest Browse all 4

Latest Images

Trending Articles





Latest Images