RockRose Energy acquires Marathon Oil’s UK businessChristian Fernsby ▼ | July 2, 2019
Independent oil and gas company RockRose Energy has completed the acquisition of Marathon Oil UK (MOUK) and Marathon Oil West of Shetland (MOWOS) from subsidiaries of Marathon Oil for $95m.
Acquisition Marathon Oil
The acquisition has added around 28.4 million barrels of oil equivalent of 2P reserves to RockRose. The acquisition also includes stakes in the SAGE, Brae-Forties and WOSPS infrastructure.
MOUK owns 26% interest in licence P313 and 40% interest in licences P340 and P108, which together comprise the Greater Brae area. MOWOS holds a 28% interest in the Foinaven oil field, which is operated by BP, as well as interests in the Foinaven East, T25, and T35 satellite accumulations. ■