NEO Energy

HitecVision/NEO Energy enter exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea

Highlights

  • HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea

21st January 2021, Aberdeen / London  

HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil’s upstream assets in the central and northern North Sea, which, if successful, are expected to result in a signed sales agreement in the first quarter, with close later in the year.

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Enquiries

NEO Energy  
Enquiries info@neweuropeanoffshore.com
Hawthorn Advisors neo@hawthornadvisors.com
Henry Lerwill +44 (0)7894 608 607

About NEO Energy

NEO Energy is an independent full-cycle North Sea operator in the UK Continental Shelf backed by HitecVision, a leading provider of institutional capital to the North Sea region’s energy industry. NEO is focused on combining value creation from the prospective North Sea basin with high Environmental, Social and Governance standards. It operates a high quality, sustainable asset base with a significant scope to grow production organically, by extending the life of its assets, and through acquisitions, to achieve production of 80-100kboe/d.

www.neweuropeanoffshore.com

About HitecVision

HitecVision is a leading private equity investor focused on Europe’s offshore energy industry, with USD 6.7 billion under management. HitecVision is headquartered in Stavanger, Norway, with other offices in Oslo and London. Since 1994, the HitecVision team have invested in, acquired or established more than 190 companies, including more than ten E&P companies, such as Vår Energi, the largest independent E&P company in Norway.

www.hitecvision.com