JOURNAL ARTICLE

Viaro Agrees to Buy UK North Sea Gas Assets From Shell, Exxon.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Herron, James 3 of 3

Abstract

Viaro Energy Ltd. has reached an agreement to purchase several gas fields in the UK North Sea from Shell Plc and Exxon Mobil Corp. This acquisition will mark Viaro's first venture as an offshore operator in the country. The deal includes the Bacton onshore gas terminal and 11 offshore facilities that produced approximately 28,000 barrels of oil equivalent last year, accounting for about 5% of the UK's total gas output. The financial details of the transaction have not been disclosed, and the deal is expected to be finalized in 2025, pending regulatory approval. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:178717121
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