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Tailwind Energy Acquires EOG’s UK Business

Source: www.gulfoilandgas.com 9/5/2018, Location: Europe

Following completion of the acquisition of Shell and Exxon’s interests in the Triton oil cluster, Tailwind Energy has announced the next stage of its growth. Tailwind has agreed with EOG Resources to acquire EOG’s UK business, subject to regulatory approvals. As part of the inherited EOG UK portfolio, Tailwind will own and operate 100% of the producing Conwy oil field, a 25% non-operated interest in the Columbus gas development project and other minor asset interests in the North Sea. Upon completion of this transaction, Tailwind expects to produce in excess of 15k bbl/d across its portfolio.

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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  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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