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© Supplied by Neo Energy Russell Alton, NEO Energy s chief executive officer Aberdeen’s NEO Energy has agreed to acquire rival UK North Sea exploration and production company Zennor Petroleum in a deal worth up to £450 million. The acquisition will provide the company with a portfolio of assets in the Central and Northern North Sea, centred around the Britannia and Eastern Trough Area Project (ETAP) production hubs. The transactions will see Neo Energy’s output raise from 30,000 to around 80,000 barrels of oil equivalent (boe) per day in 2021. Aberdeen and London-based Neo’s purchase of Zennor from Kerogen Capital will also add 40 million barrels of reserves and 90 million barrels of contingent resources to its portfolio.

United kingdomRussell altonZennor petroleumNeo energy russell altonNeo energyUnited kingdom north seaNorthern north seaEastern trough area projectLondon based neoKerogen capitalஒன்றுபட்டது கிஂக்டம்ரஸ்ஸல் ஆல்டன்நியோ ஆற்றல் ரஸ்ஸல் ஆல்டன்நியோ ஆற்றல்ஒன்றுபட்டது கிஂக்டம் வடக்கு கடல்வடக்கு வடக்கு கடல்