Tailwind closes North Sea deal with EOG

Conwy oil field; Source: Tailwind

UK oil and gas company Tailwind Energy has completed the acquisition of EOG’s UK business. 

Tailwind agreed with EOG Resources to acquire its UK business in early September 2018 and announced the completion of the acquisition on Thursday, November 8.

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.

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

Tailwind Energy is a new oil and gas company focused on acquiring and investing in United Kingdom Continental Shelf (UKCS) assets. It is being supported by Mercuria, a privately-held commodities and energy group.

It is also worth mentioning that, prior to EOG deal, Tailwind also this year completed the acquisition of interests in the Triton Cluster in the UK North Sea from Shell and ExxonMobil.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

LNG Bunkering Summit 2019

LNG Bunkering Summit will cover the obstacles facing both the shipping and port communities…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

IoT in Oil & Gas 2019

The IoT in Oil & Gas 2019 Conference will continue to focus on helping operators…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply