Perenco UK has confirmed that, having received change of control approval from the NSTA, the purchase of various Saturn Banks assets from CalEnergy Resources (Operator) has now been successfully concluded.
The transaction involved the purchase of CalEnergy North Sea & CalEnergy Infrastructure, renamed Perenco SNS & Perenco UK Infrastructure, respectively, and the corresponding 50% participating interest in, and operatorship of, the Blythe and Elgood licences.
Jo White, UK SNS General Manager said: 'Perenco is glad to add these blocks into our existing portfolio of Southern North Sea fields that produce into our Bacton terminal on the Norfolk coast. Our immediate focus will be on continuing safe and efficient operations. In the medium term we will look for ways to enhance production and reduce unit operating costs, including by bringing the Blythe H2 well into our LAPS compressor within the coming year.'
Source: Perenco
