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NEO Energy today announces it has signed an agreement to acquire 100% of the share capital of JX Nippon Exploration and Production (U.K.) Limited (“JX UK”). JX UK holds non-operated interests in multiple producing fields and associated infrastructure in the UK North Sea including a 20% interest in the Mariner field and an 18% interest in the Culzean field. The transaction excludes JX UK’s interests in the Andrew Area.
The transaction is subject to approvals from the relevant authorities and regulatory consents.
About NEO Energy
NEO Energy is an independent full-cycle North Sea operator in the UK Continental Shelf backed by HitecVision. NEO is focused on combining value creation from the prospective North Sea basin with high Environmental, Social and Governance standards.