HitecVision-backed Neo Energy buys UK North Sea assets from ExxonMobil in $1bn-plus deal

US supermajor sells non-operated central and northern North Sea interests with output of 40,000 boepd to private equity-backed player

New partner: Neo Energy now has an interest in the Shell-operated Gannet field in the UK North Sea
New partner: Neo Energy now has an interest in the Shell-operated Gannet field in the UK North SeaPhoto: SHELL
Published 24 February 2021, 12:08Updated 24 February 2021, 17:52