Acquisition of JX Nippon Exploration and Production (U.K.) Limited

26 November 2021

NEO Energy today announces it has signed an agreement to acquire 100% of the share capital of JX Nippon Exploration and Production (U.K.) Limited (“JX UK”). JX UK holds non-operated interests in multiple producing fields and associated infrastructure in the UK North Sea including a 20% interest in the Mariner field and an 18% interest in the Culzean field. The transaction excludes JX UK’s interests in the Andrew Area.

The transaction is subject to approvals from the relevant authorities and regulatory consents.

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