The deal involves a purchase consideration of $119.1m, which will be funded by Genesis Energy through its existing debt facilities.
The field is located in the Taranaki Basin, approximately 30km away from the coast of New Zealand, at a depth of approximately 35m.
Upon completion of the transaction, Genesis Energy will hold 46% stake in the field, while Origin Energy and Mitsui will own 50% and 4% respectively.
Golar LNG Limited has announced the upsizing and pricing of a public issue to raise $152.75m. The company has issued 6.5 million shares, at a price of $23.5 each, under the offering, which was upsized from 5.7 million shares.
Golar LNG has appointed Citigroup Global Markets Inc. as book-running manager, and Mello Jones & Martin Limited and Seward & Kissel LLP as legal advisors for the offering, which is scheduled for completion on 18 November 2016.
The amount raised from the issue is intended to be used by the company to partly settle its outstanding convertible bonds.
Royal Dutch Shell plc plans to dispose all or some of its oil and gas assets located in Norwegian North Sea for approximately $3bn, according to sources.
The sale of assets forms part of Shell’s $30bn divestment plan, which is aimed at reducing its indebtedness.
Shell has appointed Rothschild Limited for the divestment of the assets, according to The Times report.