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BP sells stake in Shearwater field to Tailwind, but holds onto Andrew
BP said today it had agreed to sell its stakes in the Shearwater field to Tailwind Energy for an undisclosed sum.
Updated: 24/05/2021, 1:16 pm
The Shell-operated Shearwater platform.
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BP said today it had agreed to sell its stakes in the Shearwater field to Tailwind Energy for an undisclosed sum.
But BP will hold onto its Andrew area assets, also in the UK North Sea, which it had been looking to sell.
Tailwind buys UK North Sea-focused Decipher
Apr 6, 2021 11:55:am
Summary
by: Joe Murphy
Posted in:
Tailwind buys UK North Sea-focused Decipher
Tailwind Energy has announced the purchase of fellow UK North Sea-focused operator Decipher Energy, without disclosing the deal s price. This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio, the company said in a brief statement on April 1, adding that the deal was subject to regulatory and government approvals.
Tailwind was founded in London in 2016 and produces hydrocarbons from the Conwy field in the East Irish Sea and the Triton area in the UK North Sea. It also has a 25% stake in Serica Energy-operated Columbus field, also in the North Sea, which is due on stream later this year.