August
11, 2005 - August 7, 2005
|
(Date
of Report - Date of earliest event
reported)
|
KERR-McGEE
CORPORATION
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
1-16619
|
73-1612389
|
||
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
123
Robert S. Kerr Avenue
|
||
Oklahoma
City, Oklahoma
|
73102
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(405) 270-1313
|
(Registrant's
telephone number)
|
Item
1.01
|
Entry
into a material Definitive
Agreement
|
1. |
A
Sale and Purchase Agreement between Kerr-McGee North Sea (U.K.) Limited
(“KM North Sea”), a wholly owned subsidiary of the Company, and Centrica
Resources Limited (“Centrica”), pursuant to which KM North Sea agreed to
sell its non-operating interest in the Skene field assets to Centrica
for
$178.65 million;
|
2. |
A
Sale and Purchase Agreement between KM North Sea and Centrica, pursuant
to
which KM North Sea agreed to sell its non-operating interest in the
Buckland field assets to Centrica for $91.32
million;
|
3. |
A
Sale and Purchase Agreement between KM North Sea and Centrica, pursuant
to
which KM North Sea agreed to sell its non-operating interest in the
Andrew
field assets to Centrica for $78.46
million;
|
4. |
A
Sale and Purchase Agreement between Kerr-McGee Oil (U.K.) Limited
(“KM
Oil”), a wholly owned subsidiary of the Company, and Centrica, pursuant
to
which KM Oil agreed to sell its non-operating interest in the Brae
field
assets to Centrica for $189.09
million;
|
5. |
A
Sale and Purchase Agreement between KM Denmark Overseas ApS (“KM
Denmark”), a wholly owned subsidiary of the Company, and Centrica Canada
Limited (“Centrica Canada”), pursuant to which KM Denmark agreed to sell
100% of the stock of Kerr-McGee Canada Limited (“KM Canada”) to Centrica
Canada for $28 million. The performance of the obligations of KM
Denmark
under this agreement is guaranteed by the
Company;
|
6. |
A
Sale and Purchase Agreement between KM Denmark, Alnery No. 2524 Limited
(“Maersk”), the Company and A.P. Moller-Maersk A/S, pursuant to which KM
Denmark agreed to sell all of the Company’s remaining North Sea assets
through the sale of 100% of the stock of Kerr-McGee (G.B.) Limited
and
Kerr-McGee Norway AS to Maersk for $2.95 billion. The performance
of the
obligations of KM Denmark under this agreement is guaranteed by the
Company and the performance of the obligations of Maersk under this
agreement is guaranteed by A.P. Moller - Maersk A/S, its ultimate
parent.
|
SIGNATURES
|
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
KERR-MCGEE
CORPORATION
|
||
By:
|
(John
M. Rauh)
|
|
John
M. Rauh
|
||
Vice
President and Controller
|
||
Dated:
August 11, 2005
|