Energean, Neptune Terminate Edison Acquisition Deal
Energean Oil and Gas plc terminated its agreement with Neptune Energy for the acquisition of its Edison Exploration and Production’s (E&P) UK and Norwegian subsidiaries.
Energean Oil and Gas plc terminated its agreement with Neptune Energy for the acquisition of its Edison Exploration and Production’s (E&P) UK and Norwegian subsidiaries.
Energean Oil and Gas PLC and Edison E&P excluded Edison’s Algeria assets from the scope of the acquisition.
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, announced that its FPSO departed from the COSCO yard in China.
Energean Oil and Gas plc has entered a conditional Sale and Purchase Agreement (SPA) to sell the UK and Norwegian subsidiaries of Edison Exploration and Production (E&P).
Edison exploration and production (E&P)’s portfolio of assets includes producing in in the growing eastern Mediterranean gas hub, with a significant presence in Egypt’s offshore basin.
Energean is ready to purchase a 45% stake in the offshore Gaza Marine gas field, pending approval by Palestinian and Israeli authorities.