L1 Energy Acquires and Sells North Sea Oil and Gas Assets

Skadden represented L1 Energy in its $1.6 billion acquisition of E.ON E&P Norge AS, an owner of Norwegian North Sea oil and gas exploration and production assets, from E.ON Beteiligungen GmbH, announced October 14. The firm also represented L1 Energy in its $725 million sale of DEA UK Holdings Limited, an owner of British North Sea oil and gas exploration and production assets, to INEOS, announced October 11.

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