NEO Energy Finalizes Full Ownership of Western Isles FPSO

Oil & Gas News, Monday, 20 Nov 23

NEO Energy has announced the acquisition of Dana Petroleum’s full equity in the Western Isles FPSO under a sale and purchase agreement. The FPSO will be redeployed at the Buchan field redevelopment. The transaction is subject to certain conditions such as final investment decision and regulatory approval of the Buchan redevelopment.

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