- As 68% owner of Tors and 80% owner of Wenlock, Energean to lead on best in class decommissioning project
- New UK team put together; UK decommissioning specialist brought into Energean
As part of the 2020 landmark acquisition of Edison Exploration & Production, Energean acquired majority equity stakes in two fields in the Southern UK North Sea, Tors & Wenlock.
At the time, both fields were operated by a minority partner Alpha Petroleum, and subsequently by Waldorf Production which acquired Alpha in 2022. Tors and Wenlock ceased production in 2020 and 2022 respectively, as they had reached the end of their economic production capability.
Energean and Waldorf have agreed that as the majority shareholder in Tors and Wenlock, it is the right time for Energean to take control of the project. Energean has put together a specialist team, including Andrew Shepherd as UK Decommissioning Manager to carry out the approved work plan.
Source: Energean
