Offshore staff
LONDON – UK E&P independent Viaro Energy’s subsidiary RockRose Energy has acquired various production interests in the UK North Sea from SSE for $164 million, with an additional contingent payment of $54 million.
The package comprises non-operated interests in more than 16 producing gas fields in the Easington and Bacton catchment areas in the southern gas basin, and the Greater Laggan area west of Shetland.
Viaro anticipates combined output from these interests of more than 15,000 boe/d in 2021.
SSE will continue to provide decommissioning security for the assets and will retain an obligation to pay 60% of the future decommissioning costs.
Last year, Viaro acquired RockRose for £247 million ($330 million), and in May 2021 bought HALO’s Dutch E&P interests.
Today the group produces around 33,000 boe/d from more than 36 producing UK/Dutch oil and gas fields, and its eventual goal is to achieve 100,000 boe/d. In this regard, said chief executive Francesco Mazzagatti, Viaro is currently pursuing other opportunities.
In the Dutch North Sea, Viaro has shares of the producing A&B Blocks, the K4b-K5a area, the Hanze oil field, the P&Q blocks and the Markham area.
Its UK central North Sea interests include stakes in the Nelson, Howe, Blake and Ross field, and the Arran field, which recently delivered first gas via a subsea tieback.
10/15/2021
