Offshore news

Monday, 20 Nov 23

Dana Petroleum and NEO Energy have announced the signing of a sale and purchase agreement under which NEO Energy will acquire Dana’s full equity in the Western Isles FPSO. The acquisition is intended to be redeployed at the Buchan field redevelopment. However, the transaction remains subject to the satisfaction of certain conditions including final investment decision and regulatory approval of the Buchan redevelopment.