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NEO closes $1bn ExxonMobil North Sea purchase

The private equity-backed firm is continuing its buying spree. ....

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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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Neo in Line for ExxonMobil UK Assets: Update

Neo in Line for ExxonMobil UK Assets: Update
Jan 21, 2021 10:40:am
Summary
by: Joe Murphy
Neo Energy, backed by Norwegian private equity group Hitecvision, announced on January 21 it had entered exclusive negotiations to buy ExxonMobil s upstream ope.
Posted in: ....

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