Energean has acquired majority equity stakes in two fields in the south of the UK North Sea, Tors and Wenlock fields with 68% and 80% respectively. This came as part of the 2020 landmark acquisition of Edison Exploration and Production SpA.

At the time, both fields were operated by a minority partner Alpha Petroleum, and subsequently by Waldorf Production which acquired Alpha in 2022. Tors and Wenlock ceased production in 2020 and 2022 respectively, as they had reached the end of their economic production capability.

Energean, alongside Waldorf, has agreed that with its majority shareholder in these fields, the time is right for Energean to take control over the of the project, the company stated in a press release on Wednesday.

Energean has assembled a specialized team, including Andrew Shepherd as the UK Decommissioning Manager, to carry out the approved work plan.