Neptune Energy has acquired a 38.75% stake from Spirit Energy in the Pegasus West discovery and surrounding acreage in the UK Southern North Sea, according to Neptune’s press release.

Maersk Drilling company announced that has won a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill a development well at the Grove North East in the UK North Sea worth $11.3 million.

British oil and gas company, Spirit Energy, has renewed the life of the Southern North Sea gas field, York, extending the life expectancy by three additional years with an additional £13 million of investment.