Tailwind Completes EOG UK Acquisition

Laxman Pai
Friday, November 9, 2018

London-based Tailwind Energy  has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio.  

The oil and gas venture announced two months ago it has agreed with EOG Resources Inc 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 expected to produce in excess of 15k bbl/d across its portfolio.

This take over follows the completion of the acquisition of Shell and Exxon’s interests in the Triton oil cluster.

Tailwind is backed by private commodities and energy group Mercuria. The business was founded in 2016 by a management team boasting more than 200 years of experience in investment and exploration and production.

Categories: Mergers & Acquisitions Exploration Offshore Energy Legal

Related Stories

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

Asia’s Oil Reliance on Middle East Explained

Velesto Inks Five-Year Drilling Deal for Jack-Up Rig with Petronas

China Looks Best Placed to Weather Iran Energy Shock

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

GLO Marine to Invest $7M in New Vessel Retrofit Hub in Romania

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

Harbour Energy to Sell Stakes in Indonesian Assets to Prime Group for $215M

Current News

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Governments Move to Shield Economies as Oil Jumps 25%

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

China’s Five-Year Plan Focuses on Oil Stability, Gas and Reserves Growth

Velesto Gets Shell’s Deepwater Job Offshore Malaysia

Subsea7 Extends Engagement on Türkiye’s Sakarya Field with New Deal

Asia’s Oil Reliance on Middle East Explained

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Petronas Picks OceanSTAR Elite FPSO for Asian Oil and Gas Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com