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Repsol, NEO reportedly in talks to merge UK North Sea assets
Would reportedly become one of largest producers in basin (Il Sole 24 Ore Radiocor) - Milan , 28 Jun - Spanish energy group Repsol is in talks to merge its UK North Sea assets with private equity-backed NEO Energy, according to a report on Reuters, citing three unnamed sources.
According to Reuters, a merger would create a company with output exceeding 110,000 barrels of oil equivalent per day, making it one of the largest producers in the basin.
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(RADIOCOR) 28-06-24 13:13:21 (0315) 5 NNNN