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The transaction provides Serica with the option of participating in the re-development of the Buchan field and other potential projects in the Greater Buch. ....
The FEED study for NEO Energy will cover asset repairs and modifications for the Western Isles FPSO vessel, as well as late-life extension procedures. ....
After completion, NEO Energy retains a 50 percent interest in the GBA and remains its operator, with Serica and JOG holding 30 percent and 20 percent, resp. ....