The assets acquired produced approximately 72 000 boe/d in the first six months of 2019. Combined with Chrysaor’s existing portfolio first half 2019 production averaged 195 000 boe/d.
The transaction adds two new operated hubs to Chrysaor’s portfolio in the UK Central North Sea - Britannia and J-Block – in addition to an interest in the Clair Field area.
Phil Kirk, Chief Executive, Chrysaor, said: “The completion of this acquisition confirms Chrysaor’s position as one of Europe’s leading independent exploration and production companies. We are now one of the largest UK producers with a portfolio of high-quality, long-life assets complemented by a professional and expert staff. As we enter a new chapter for Chrysaor we look forward to welcoming our new colleagues and the safe integration of the two businesses. We have identified a number of exciting growth opportunities in our expanded portfolio and across the CNS.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01102019/chrysaor-acquisition-of-conocophillips-uk-oil-and-gas-business-completed/