Neo Energy completes Total deal for UK North Sea Assets
Neo Energy completes Total deal for UK North Sea Assets
Neo Energy, backed by Norwegian private equity house HitecVision, has completed the acquisition of a package of UK North Sea oil and gas fields from Total.
The deal adds production of around 23,000 barrels of oil equivalent per day and reserves of 51 million barrels to the Neo Energy portfolio.
The final acquisition fee, is understood to be lower than the initially agreed price of $635 million (£485m) and includes o...