Vattenfall agrees to sell Nuon Exploration and Production

Swedish power company Vattenfall has reached an agreement for the sale of Nuon Exploration and Production to Tullow Oil for a cash consideration of €300m, subject to net working capital and post effective date adjustments.

Nuon Exploration and Production currently holds interests in 35 producing gas fields in the Dutch North Sea, as well as interests in the Den Helder plant, pipeline and other associated infrastructure.