Chrysaor Holdings has confirmed the completion of its acquisition of ConocoPhillips’ UK oil and gas business for $2.68 billion.
The assets acquired produced approximately 72,000 barrels of oil equivalent per day (boepd) in the first six months of 2019. Combined with Chrysaor’s existing portfolio, this represents average first-half 2019 production of 195,000 boepd. The transaction adds two new operated hubs to Chrysaor’s portfolio in the central North Sea – Britannia and J-Block – in addition to an interest in the Clair Field area. Read more…