Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 01-08-2017 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | JX Nippon Sale of Interest in Blane Oil Field Block, North Sea | Industry: | Oil & Gas Producers |
| Description: |
Ashurst advised JX Nippon Oil and Gas Exploration Corporation subsidiary, JX Nippon Exploration and Production (U.K.) Limited, on the sale of its 17.07% interest in UK Licence P111 Block 30/3a (upper), comprising a part of the Blane oil field in the North Sea, to Faroe Petroleum (U.K.) Limited.
The Blane Field is located on the UK continental shelf, extending into the Norwegian Sector. It was discovered in 1989 and started production in 2007. Blane Field had 2016 gross production of approximately 2,900 barrels of oil equivalent per day.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Seller | Law Firm | Ashurst |
| Assets Jurisdiction | United Kingdom | Purchaser Jurisdiction | United Kingdom |
| Classification: |
Transfer of Infrastructure Assets Oil & Gas Assets |
Lawyer | Julia Derrick |
