trending Market Intelligence /marketintelligence/en/news-insights/trending/asarrv2lpx3bygs9tm7pcq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Apache to divest interests in UK North Sea assets

Blog

The Heightened Regulatory Environment: Is the Banking Sector Facing More Fines?

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Essential Energy Insights, April 2021

European Energy Insights February 2021


Apache to divest interests in UK North Sea assets

An Apache Corp. subsidiary agreed to divest certain development and exploration assets in the UK Central North Sea to Neptune Energy Group for an undisclosed amount.

Neptune is set to acquire a 35% working interest in the Seagull development and a 50% working interest in the Isabella prospect from Apache, both operated by Apache North Sea Ltd. The Seagull development will consist of a multi-well subsea tieback project that will start 2019 and is expected to start producing before the first quarter of 2022. Neptune also expects drilling to start on the Isabella prospect during 2019, according to an Aug. 13 news release.

Neptune Energy is an independent global exploration and production company, active across the North Sea, North Africa and South East Asia.