Aker BP ASA has announced the pricing of 6% senior notes, due 2022. The company intends to raise $400m through the public offering of the notes.
The notes bear a semi-annually payable coupon rate and will enable the company to repay its existing subordinated bond due 2022 and repay drawn commitments under its revolving borrowing base credit facility.
Go deeper with GlobalData
The offering is scheduled to close on or before 5 July 2017.
Reliance Industries Limited plans to raise $3.87bn through the issue of secured, unsecured redeemable, non-convertible debentures in a private placement.
Proceeds from the placement are intended to be used by the company to fund ongoing capital expenditures and for general corporate purposes.
CapeOmega AS has agreed to acquire an additional 39% working interest in Brynhild field in PL148 located in Norwegian North Sea, from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, for a purchase consideration of $91.5m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Brynhild field lies in the southern part of the North Sea at a depth of 3,300m, approximately 10km away from the border with the UK shelf.
The field has four wells and holds gross reserves of 4.4Mboe, and produced at a rate of approximately 2,600boed in 2016.
Upon completion of the transaction, CapeOmega will hold 49% and Lundin Norway will own 51% interest in the field.
