Monday, 20 Nov, Oilfield Technology reported that Dana Petroleum and NEO Energy have reached a sale and purchase agreement. Under the terms of the agreement, NEO Energy will acquire Dana’s full equity in the Western Isles FPSO. NEO Energy intends to redeploy the FPSO 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.
This news is being tagged under “Offshore news” and “Oil & gas news”.