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 £800m) 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.

News
Centrica and Equinor agree major new deal to bolster UK energy security
Sustainability

News
Centrica Energy opens US office as part of North American expansion plans
Our people

News
Centrica Business Solutions to power Derbyshire manufacturer with bespoke solar farm
Energy for Business

News
British Gas is Giving Customers Two Days of Half-Price Electricity this Bank Holiday Weekend
Customers and Communities

News
Sale of interest in the Cygnus gas field

News
The price of decarbonisation: nearly a third of UK and Irish firms (31%) admit they won’t hit 2030 emissions targets
Energy for Business