The sales of Marathon Oil’s Norwegian assets and RWE Dea to local player Det Norske Oljeselskap and Russian private equity investor LetterOne, respectively, add up to a total value of $4.2 billion, already exceeding the previous $3.2 billion record set in 2012 and roughly in line with WoodMac’s estimates.
Further disposals could also be in the offing before the year is out, according to WoodMac, which has previously forecast that merger and acquisition (M&A) deals off Norway would top at least $5 billion in 2014.
Talisman
