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.
The Great Big Boiler Test: Brits urged to check their heating before the first cold snap
Customers
British Gas and Broadford partner to supercharge energy efficiency in the UK rental market
Partnerships
Lioness Jill Scott kicks off new British Gas football book series to inspire the next generation
Customers
From forces to energy: Centrica celebrates 500th ex-forces hire
Our People
Brits reveal the new signs you've got your life under control, from having solar panels to installing smart meters
Net Zero
British Gas to help more Brits generate their own power as plug-in solar arrives
Net Zero