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Exxon in $1B+ North Sea Deal

Exxon in $1B+ North Sea Deal
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Neo, ExxonMobil Strike North Sea Deal

Feb 24, 2021 1:25:pm Summary by: Joe Murphy NEO Energy, backed by Norwegian private equity group HitecVision, has agreed to pay over $1bn to buy a package of ExxonMobil assets in the north and central UK North Sea, the companies reported on February 24. NEO is set to acquire nearly 40,000 barrels of oil equivalent/day of supply and over 140mn boe of reserves through the deal, expected to close by the middle of . Posted in:

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ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal - News for the Oil and Gas Sector

ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m). Updated: 24/02/2021, 3:53 pm © Shell Columbus will be tied-back to the Shell Shearwater hub. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m).

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UK: NEO Energy to double production through acquisition of asset portfolio from ExxonMobil

NEO Energy and HitecVision have announced the signing of a transaction that puts NEO Energy among the top five oil and gas companies in the UK. NEO Energy is acquiring a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil.

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