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New Deal


Announced

Completed

EnQuest completed the acquisition of a 27% stake in Golden Eagle fields from Suncor for $375m.

Financials

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Transaction Value£274m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For27%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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oil fields

Acquisition

Single Bidder

Domestic

Private

Friendly

oil field properties

Minority

Integrated Oil and Gas

United Kingdom

Completed

Synopsis

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EnQuest, a petroleum exploration and production company, completed the acquisition of a 27% stake in Golden Eagle fields from Suncor, a Canadian integrated energy company, for $375m. "We are delighted to have completed the acquisition of a material interest in the high-quality, low-cost Golden Eagle development. As a highly cash generative asset, delivering material incremental production, reserves and resources, Golden Eagle is a great addition to our portfolio, further strengthening the company. We look forward to a productive partnership with the operator, CNOOC and our joint venture partners, NEO Energy and ONE DYAS," Amjad Bseisu, EnQuest CEO.

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