Centrica PLC Completion of sale of Spirit Energy Norway Assets (1622N)
May 30 2022 - 2:01AM
UK Regulatory
TIDMCNA
RNS Number : 1622N
Centrica PLC
30 May 2022
30 May 2022
Centrica plc
Completion of sale of Spirit Energy Norway Assets
Centrica plc announces that all conditions for the sale of
Spirit Energy's Norwegian assets to Sval Energi AS and Spirit
Energy's interests in the Statfjord field to subsidiaries of
Equinor ASA for an initial headline consideration of $1.1 billion
have now been satisfied, and completion of the transaction is
expected to occur on 31 May 2022.
As part of the transaction, originally announced on 8 December
2021, all decommissioning liabilities associated with the assets
(approximately GBP800m) will also transfer to the buyers. The final
headline consideration may rise to $1.2 billion dependent on
commodity prices.
Spirit Energy will now focus on maximising delivery of its gas
production for the UK, repurposing assets for the energy transition
and decommissioning activities.
Centrica's 2022 Interim Results are scheduled for release on 28
July 2022.
ENDS
Enquiries:
Investors and Analysts
T: 01753 494900
E: ir@centrica.com
Media
T: 01784 843000
E: media@centrica.com
Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor,
Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229
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