Tailwind Acquires Shell and Exxon’s Interests in the Triton Assets

Source: www.gulfoilandgas.com 9/1/2018, Location: Europe

Tailwind Energy Ltd has signed an agreement with Shell UK Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited to acquire their interests in the Triton Cluster, which Tailwind intends to further develop. The Triton Cluster, located in the UK Central North Sea 190km east of Aberdeen, was initially brought into production in 2000. The deal is subject to regulatory and partner approvals and is expected to complete in the first half of 2018. No staff will be transferred as part of the transaction.

Tailwind Energy Ltd is a new oil and gas company focused on acquiring and investing in United Kingdom Continental Shelf (UKCS) assets. Tailwind is being supported by Mercuria, one of the largest privately-held commodities and energy groups. Mercuria will provide Tailwind with a fully integrated capital and crude oil marketing solution.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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