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Global law firm Ashurst is advising JX Nippon Oil & Gas Exploration Corporation ('JX') on its agreement with NEO Energy Upstream UK Limited ('NEO Energy') for the sale of 100% share of JX Nippon Exploration and Production (U.K.) Limited, a subsidiary wholly owned by JX. The purchase price is based on the enterprise value of US$1.655 billion as at March 31, 2021.

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