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Home Business Local Business

UK oil firm ups stake in North Sea Arran field

By Mark Lammey
Energy
Energy

Fast-growing UK oil firm RockRose Energy has managed to beef up its stake in a North Sea field by another 10%.

RockRose has also ticked all the boxes needed to get its £95 million acquisition of Dyas BV over the line.

Last month, RockRose agreed to buy Dana Petroleum’s entire 20.43% operated interested in the Arran field development in the central North Sea for a “nominal fee”.

The company has now signed an “equity realignment letter agreement” that takes its interest to 30.43%.

To read the full story on Energy Voice click here.