RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Energean Oil and Gas to sell Edison North Sea assets for up to $280 million

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | October 14, 2019
Energean Oil and Gas
Acquisition   Energean Oil and Gas

Energean Oil and Gas agreed to sell Edison E and P North Sea assets to Neptune Energy Group for up to $280 million.

Topics: Energean Edison oil gas North Sea

Energean, which is focused in the Mediterranean, will sell Edison E and P’s UK and Norwegian units for $250 million, with additional cash contingent consideration of up to $30 million.

That acquisition was to push deeper into the eastern Mediterranean gas hub, where Edison has a significant presence in Egypt’s rapidly-growing offshore basin.

The sale Monday is subject to Energean completing the Edison deal, it said.


What to read next
POST Online Media Contact