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NEO Energy acquires full equity in the Western Isles FPSO

Published by , Editorial Assistant
Oilfield Technology,

Dana Petroleum and NEO Energy have announced the signing of a sale and purchase agreement under which NEO Energy will acquire Dana’s full equity in the Western Isles FPSO.

NEO Energy intends to redeploy the FPSO at the Buchan field redevelopment. The transaction remains subject to the satisfaction of certain conditions including final investment decision and regulatory approval of the Buchan redevelopment.

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