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UK: Repsol reported to be in talks to merge UK North Sea operations with NEO


01 Jul 2024

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Spain's Repsol is reported to be in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, according to a Reuters report. It would be the latest consolidation effort by companies that operate in the basin amid greater tax pressures.

A merger would create a company with output of more than 110,000 barrels of oil equivalent per day, making it one of the largest producers in the UK North Sea.

Click here for full Reuters report

Source: Reuters





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