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Viaro Energy has announced that its wholly owned subsidiary, RockRose Energy has completed the acquisition of a number of producing assets in the UK North Sea from leading energy company SSE for a consideration of £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million). ....
UK: SSE agrees sale of gas exploration and production assets 04 Jan 2021 SSE has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy via its subsidiary RockRose Energy for a total consideration of £120m . The transaction is based on a locked box economic date of 31 March 2019 and is subject to regulatory approval and partner consent. The diverse portfolio comprises non-operational equity shares in over 15 producing fields in three regions in the North Sea: the Easington Catchment Area, the Greater Laggan Area. As part of the transaction, SSE will retain an obligation to pay 60% of the decommissioning costs , payable as the decommissioning of the assets occurs. ....
SSE : UK's SSE agrees sale of gas assets to Viaro Energy for 120 mln stg marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.