Vår Energi AS, owned by Eni and HitecVision, completed on 10 December 2019 the acquisition of the remaining upstream assets of ExxonMobil on the Norwegian Continental Shelf for a cash consideration of approx. USD 4.5 billion, concluding one of the largest transactions ever completed on Norwegian continental shelf.
Wiersholm has advised a syndicate of 25 banks, including BNP Paribas as bookrunner and sole underwriter, in a USD 6 billion senior secured credit facility to Vår Energi AS financing inter alia the acquisition.
– We congratulate all parties involved in this major transaction and wish Vår Energi AS success as the second largest E&P company on NCS, partner Atle Gabrielsen commented. Wiersholm’s team has consisted of Atle and Petter Thomren Moltu.