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  • Chrysaor announces acquisition of Spirit Energy’s interests in the UK’s Armada Area
    édité le 22/03/2018 - Plus de news de "Chrysaor" - Voir la fiche entreprise de "Chrysaor"


Chrysaor announces acquisition of Spirit Energy’s interests in the UK’s Armada Area
Chrysaor, the UK oil & gas independent, announces it has entered into an agreement with Spirit Energy to acquire its entire interests in the Armada, Maria and Seymour fields. As part of the transaction, Spirit Energy will retain associated liability for decommissioning subject to a cap.

As a result of the acquisition Chrysaor will own 100% of the Armada Area. The deal is expected to complete in the second half of 2018.

Phil Kirk, Chief Executive of Chrysaor, said:
“This acquisition is part of Chrysaor’s strategy to prolong asset life, maximise recovery and deliver value from its UK North Sea portfolio. Chrysaor can now progress its plans to realise the full potential of the fields and will shortly commence well site surveys and secure long lead items and drilling equipment.”

About Chrysaor

Chrysaor is a private company established in 2007 and focused on generating superior equity returns by developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self‐sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.

About Spirit Energy

Spirit Energy was created in 2017 following the combination of Centrica’s Exploration & Production business and Bayerngas Norge AS. The business is 69%-owned by Centrica plc, with the remaining 31% owned by Bayerngas Norge’s former shareholders, led by Stadtwerke München and Bayerngas GmbH.

The independent company was formed to combine a complementary mix of producing and development assets, and creates a robust, self-financing business to allow both organic and inorganic growth.


Origine : Communiqué Chrysaor

Voir la fiche entreprise de "Chrysaor"



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