Nobel Upstream to acquire stake in North Sea Maclure field

Offshore staff

LONDON Nobel Upstream has signed a sale and purchase agreement with Shell to acquire a 7.59% non-operated interest in the Maclure oil and gas field in the UK North Sea.

The field was discovered in 1991 and put into production in 2002. The field is currently producing 8,000 boe/d and 4.3 MMcf/d of gas. Maclure has been developed as a subsea tieback to the Gryphon FPSO, located 3 km (2 mi) west.

Maclure is operated by Maersk Oil, which owns a 38.19% stake. TAQA and Apache round out the consortium with 37.04% and 17.18%, respectively.

Completion of the transaction remains subject to necessary approvals.

02/11/2016

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