oil & gas assets
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A&D - Equinor preempts Delek in $965MM GOM buy from Shell - May 2019



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Equinor struck a $965 million all-cash deal that will see the Norwegian firm take its non-operated stake in the Caesar Tonga oil field in the deepwater Gulf of Mexico to 46% through the acquisition of Shell’s 22.45% WI. By exercising its preferential rights to acquire the stake, Equinor thwarted a proposed acquisition by Israel’s Delek Group. Anadarko, which will soon be acquired by Occidental Petroleum (PG.1), operates the asset with 33.75% WI, and Chevron holds the remaining 20.25% WI. Located 290......
 
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