Aker BP ASA has announced the pricing of 6% senior notes, due 2022. The company intends to raise $400m through the public offering of the notes.
The notes bear a semi-annually payable coupon rate and will enable the company to repay its existing subordinated bond due 2022 and repay drawn commitments under its revolving borrowing base credit facility.
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The offering is scheduled to close on or before 5 July 2017.
Reliance Industries Limited plans to raise $3.87bn through the issue of secured, unsecured redeemable, non-convertible debentures in a private placement.
Proceeds from the placement are intended to be used by the company to fund ongoing capital expenditures and for general corporate purposes.
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CapeOmega AS has agreed to acquire an additional 39% working interest in Brynhild field in PL148 located in Norwegian North Sea, from Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, for a purchase consideration of $91.5m.
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By GlobalDataThe Brynhild field lies in the southern part of the North Sea at a depth of 3,300m, approximately 10km away from the border with the UK shelf.
The field has four wells and holds gross reserves of 4.4Mboe, and produced at a rate of approximately 2,600boed in 2016.
Upon completion of the transaction, CapeOmega will hold 49% and Lundin Norway will own 51% interest in the field.
