BRIEF-Suncor Energy says to buy interest in North Sea Rosebank project

Tue Aug 9, 2016 6:18pm EDT
 
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Aug 9 (Reuters) - Suncor Energy Inc

* Suncor energy to acquire interest in north sea rosebank project

* Under terms of agreement, suncor will make an initial payment of us$50 million on closing.

* Transaction is subject to conditions, including regulatory approval, and is anticipated to close in q4 of 2016

* Suncor will make an initial payment of us$50 million on closing

* Under some conditions, suncor could pay additional consideration to omv (u.k.) limited of up to us$165 million

* Suncor energy uk limited will acquire a 30 per cent participating interest in u.k. North sea rosebank project from omv (u.k.) limited Source text for Eikon: Further company coverage: