Noble Energy Gets $97M For Ecuador Assets
Noble Energy has completed the transfer of its Ecuador assets to several government-affiliated entities.
Noble Energy (NBL) has completed the transfer of its Ecuador assets to several government-affiliated entities. The independent energy company received a compensation of $97 million from the transaction.
NBL transferred the offshore Amistad field assets and Block 3 production sharing contract. The company, whose net book value for the assets was $68 million, had previously owned the assets with a 100% working interest.
Click here for the release from Noble Energy.