North Sea-focused Tailwind Energy has completed its acquisition of Decipher Energy.
Tailwind, which is backed financially by energy trader Mercuria, announced in April it had agreed to buy fellow North Sea producer Decipher, operator of the Orlando field.
"All regulatory approvals have been satisfied and we now look forward to unlocking the potential of the newly acquired assets," Tailwind said in a short statement.
Orlando, located in Block 3/3b, has been on production since March 2019 as a tie-back to CNR International-operated Ninian Central platform, 11 kilometres away.
No value has been put on the deal.