ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal By Allister Thomas February 24 2021, 1:35 pm February 24 2021, 1:35 pm Share ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/news/aberdeen-aberdeenshire/2927326/exxonmobil-agrees-sale-of-uk-north-sea-assets-to-neo-in-1billion-deal/ Copy Link Neo Energy will take stakes in 21 assets and 14 producing fields, including the Shell Shearwater hub 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). NEO, formed in 2019 through the merger of Verus Petroleum and NEO E&P, entered exclusive talks last month for the portfolio. The assets cover stakes in 21 assets, including 14 producing fields and a number of infrastructure positions, mainly operated by Shell. It provides NEO with interests in major producing hubs including the Shearwater area and the new Penguins redevelopment due to come online next year. For more on this story, visit EnergyVoice.com
