Tailwind closes Triton deal with Shell and Exxon

Source: Tailwind

Oil and gas company Tailwind Energy has completed the acquisition of interests in the Triton Cluster in the UK North Sea from Shell and ExxonMobil. 

The Triton Cluster, located in the UK Central North Sea 190km east of Aberdeen, was initially brought into production in 2000.

Tailwind signed the agreement with Shell and ExxonMobil to acquire their interests in the Triton Cluster in December 2017 and the completion of the acquisition was announced on Saturday, September 1, 2018.

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.

The Triton Area consists of six producing oil fields developed via common infrastructure in the UK Central North Sea.

The six fields currently producing oil and gas via the Triton FPSO, are Bittern, Guillemot West, Guillemot Northwest, Clapham, Pict and Saxon. Dana Petroleum and Endeavour Energy are Tailwind’s partners in the Triton cluster. Dana currently operates the Triton FPSO along with the Clapham, Saxon, Pict and Guillemot West fields.

Following the Tailwind transaction with Shell/Exxon, Dana now also operate the Bittern field. Tailwind is operator of the Gannet E Field, with Dana as pipeline operator and Petrofac as well operator. Tailwind also operate the Belinda/Evelyn discoveries with Petrofac as well operator.

Offshore Energy Today Staff

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