agreed to sell its stakes in the El Tordillo, La Tapera and Puesto Quiroga concessions in southern Argentina to a subsidiary of
for $117.5 million.
The sale should close next year, Noble said.
The assets being sold provided Noble with an average of 2,850 barrels of oil a day in the third quarter. After-tax net proceeds from the sale will be approximately $80 million.
Shares of Noble were up 1.2% at $80.72 Thursday.
This article was written by a staff member of TheStreet.com.