2009-08-17-2008-07-01-2008-07-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
739MM
Description

Bought subsidiary with interests in 35 gas fields in the Dutch North Sea.

Amsterdam-based Nuon has acquired Burlington Resources Nederland Petroleum BV from ConocoPhillips, Houston, (NYSE: COP) with interests in 35 gas fields in the Dutch North Sea as well as gas pipelines and processing facilities for approximately US$739 million. In addition to the fields, BRN holds interests in the Westgastransport pipeline and pipeline extension, as well as in the onshore Den Helder facility with HiCal and LoCal gas-processing plants and the JDA LoCal pipeline. The assets are operated either by NAM or by Wintershall. All of BRN's producing fields are connected to the Dutch gas grid with gas landing at the onshore Den Helder facility. The effective date is Jan. 1. Merrill Lynch acted as advisor to Nuon.