• Wed. Dec 6th, 2023

NEO Energy Finalizes Full Ownership of Western Isles FPSO


Nov 20, 2023

As reported by Jack Roscoe, Editorial Assistant for Oilfield Technology on November 23rd, 2023, Dana Petroleum and NEO Energy have signed a sale and purchase agreement that will see NEO Energy acquire the full equity of Dana in the Western Isles FPSO. The FPSO is intended to be redeployed at the Buchan field redevelopment. However, the transaction remains subject to certain conditions such as final investment decision and regulatory approval of the Buchan redevelopment project.

This news is tagged under “Offshore news” and “Oil & gas news”.

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