Aberdeen-based Verus Petroleum has announced the latest private-equity-backed swoop for a package of North Sea assets.
Verus, supported by HitecVision, has struck a £300 million deal to buy stakes in fields and infrastructure from a Japanese corporation.
Verus’ purchase of Cieco Exploration and Production UK from Itochu will add about 11,000 barrels of oil equivalent per day (boepd) to its production profile. Last year the company produced 1,650 boepd on average.
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