“Combined with previously announced dispositions, this transaction reflects our ongoing commitment to further strengthen our portfolio by divesting noncore assets and shows significant progress toward our US$2 billion disposition target,” said Andy O’Brien, Senior Vice President, Strategy, Commercial, Sustainability & Technology.
Full-year 2024 production associated with the company’s 15.96% interest in the Ursa Field and 1% interest in the Europa Field was approximately 8000 boe/d. The transaction is subject to customary closing conditions and is expected to be completed by the end of 2Q25. The effective date of the transaction is 1 January 2025.
