Nobel Upstream acquires Shell’s stake in North Sea’s Maclure field

LONDON -- Nobel Upstream, an independent UK-based E&P company, has signed a sale and purchase agreement to acquire a 7.59% non-operated interest in Maclure oil and gas field from Shell.

Maclure field, in the UK North Sea, was discovered in 1991 and put into production in 2002. The field is operated by Maersk, which owns a 38.19% stake. In addition, TAQA and Apache Corp. hold 37.04% and 17.18%, respectively.

“We are very pleased to announce this acquisition and look forward to working with the other stakeholders and, in particular, Maersk who has demonstrated excellent operational management of this asset,” Jeremy Huck, CEO of Nobel Upstream, said. “This acquisition is a perfect fit with our growth strategy and an important addition to our existing portfolio in Azerbaijan and North America.”

Maclure field currently produces 8,000 bopd and 4.3 MMscfgd. Maclure has been developed as a subsea tieback to the Gryphon FPSO, which is also operated by Maersk, located 3 km to the west.