Nobel Upstream to Acquire 7.59% Stake in North Sea Maclure Field



UK-based exploration and production company Nobel Upstream has signed an agreement to acquire a 7.59 percent non-operated interest in the Maclure oil and gas field from Shell.

Located in the UK North Sea, the Maclure field was discovered in 1991 and put into production in 2002. The field currently produces 8,000 barrels of oil equivalent per day and is operated by Maersk which owns a 38.19 percent stake. TAQA and Apache hold 37.04 and 17.18 percent interests, respectively. Completion of the transaction remains subject to necessary approvals.

Jeremy Huck, CEO of Nobel Upstream, commented in a company statement:

“We are very pleased to announce this acquisition and look forward to working with the other stakeholders and, in particular, Maersk who has demonstrated excellent operational management of this asset. This acquisition is a perfect fit with our growth strategy and an important addition to our existing portfolio in Azerbaijan and North America. We see further potential in the field and consider it a best-in-class North Sea opportunity.”



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