Offshore staff
LONDON – Tailwind Energy has completed a transaction with Shell and ExxonMobil in the UK central North Sea, and secured a further deal with EOG Resources.
Last December, Tailwind – formed in 2016 – agreed to acquire Shell/ExxonMobil’s interests in the Triton Cluster in the UK central North Sea, 190 km (118 mi) east of Aberdeen, which started production in 2000.
Tailwind plans further development.
Subject to regulatory approvals, the company will also take on EOG’s UK business, comprising a 100% operating interest in the producing Conwy oil field in the East Irish Sea, 25% of the Serica Energy-operatedColumbus gas development project in the UK central North Sea, and other minor interests elsewhere in the sector.
On completion of this transaction, Tailwind expects to produce more than 15,000 b/d from its portfolio.
Senior management worked previously with Nexen and BG. The company is supported by Mercuria for finance and marketing and by Petrofac as duty holder.
09/06/2018
