Maersk to sell assets to RockRose
UK RockRose suspended trading on Wednesday and announced it agreed on non-binding headline terms and a period of exclusivity to acquire Maersk Oil North Sea UK’s non-operating stakes in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields.Combined production from these assets is about 2,000 bpd.
If confirmed, this reverse takeover will be RockRose’s first deal since it listed on the London Stock Exchange in January 2016. Any final transaction will be subject to the approval of a definitive sale and purchase agreement between Maersk and RockRose.
Recent Posts
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More