Kistos to acquire 30% stake in North Sea’s Abbey and Baker gas fields
Kistos signed a binding farmout agreement under which its wholly owned subsidiary, Kistos Energy, will acquire a 30% non-operated working interest in the Abbey and Baker gas developments in the UK Southern North Sea.
UK-based Kistos has signed a binding farmout agreement under which its wholly owned subsidiary, Kistos Energy, will acquire a 30% non-operated working interest in the Abbey and Baker gas developments in the UK Southern North Sea.
The stake is being acquired from Petrogas North Sea, a UK oil and gas exploration and production company and a subsidiary of Petrogas E&P UK. The two assets are part of the UK Seaward Production Licences.
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Petrogas will remain the operator of the fields and hold a 70% working interest following completion of the transaction.
This story was originally published by Offshore Technology. Read the full story at Offshore Technology →
Conversation