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

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Christian Fernsby ▼ | October 14, 2019
Energean Oil and Gas agreed to sell Edison E and P North Sea assets to Neptune Energy Group for up to $280 million.
Energean Oil and Gas
Acquisition   Energean Oil and Gas
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.

Topics: Energean Edison oil gas North Sea

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.