Tailwind Energy acquires EOG’s UK business

Following completion of the acquisition of Shell and Exxon’s interests in the Triton oil cluster, Tailwind Energy has announced the next stage of its growth.

Tailwind has agreed with EOG Resources to acquire EOG’s UK business, subject to regulatory approvals.

As part of the inherited EOG UK portfolio, Tailwind will own and operate 100% of the producing Conwy oil field, a 25% non-operated interest in the Columbus gas development project and other minor asset interests in the North Sea.

Upon completion of this transaction, Tailwind expects to produce in excess of 15k bbl/d across its portfolio.

Source: Energy-pedia