Fetching News Details
Zennor Petroleum Limited entered into a Sale and Purchase Agreement (SPA) with Mitsui E&P UK Limited (MEPUK) to acquire stakes in United Kingdom Continental Shelf (UKCS) licenses. Zennor North Sea Limited is representing Zennor in the deal. The acquisition is calculated for Zennor considering its ownership of the nearby Finlaggan field. Zenner’s net production is supposed to double to circa 5,000 boed, post-acquisition.
