BP currently holds a 27.5% non-operated interest in Shearwater, a high pressure, high temperature (HP/HT) reservoir operated by Shell. BP had originally agreed to sell its interest in the Shearwater field, along with the fields in the Andrew area, to Premier Oil a year ago for a total of US$625 million. The transaction fell through after Premier was taken over by Chrysaor in October 2020.
The acquisition by Tailwind follows its sale of its entire working interest in the Conwy field in the East Irish Sea to Eni last week.
Read the latest issue of Oilfield Technology in full for free: Issue 1 2021
Oilfield Technology’s first issue of 2021 begins with a look at US tight oil’s prospects this year. The issue then moves on to cover completions technology, production forecasting, electric fracturing, sand recovery and more.
Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24052021/tailwind-energy-buys-bps-stake-in-shearwater-field/
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