Commenting on Neptune Energy Group’s (Neptune) decision to acquire interests in two of Apache North Sea’s development and exploration assets in the UK Central North Sea, Deirdre Michie, Oil & Gas UK’s chief executive, said:
“Neptune’s interest in the Seagull development and the Isabella prospect reflects its confidence in the continued potential of the UK Continental Shelf and the basin’s growing competitiveness.
“These transactions will help unlock future opportunities for industry, making optimum use of existing infrastructure in the Central North Sea and enabling the timely and economic development of new fields in a key hub.”
Notes to Editors
- Oil & Gas UK is the leading representative organisation for the UK offshore oil and gas industry. Its membership comprises oil and gas producers and contractor companies.
Issued by the Communications Team, Oil & Gas UK. Contact Lucy Gordon on 01224 577331 / [email protected]