Chrysaor ups Central North Sea game
ConocoPhillips deal expands the private equity-backed producer’s position in the UKCS engine room
North Sea independent Chrysaor has splashed out almost $2.7bn to buy the UK continental shelf (UKCS) assets of US producer ConocoPhillips, vaulting its projected 2019 output to over 185,000bl/d. But it is the change in its position in the Central North Sea (CNS) that offers the best clues to its potential next steps. Chrysaor identifies three "material assets" within the portfolio it has bought-operated interests in the J-Block and Britannia areas in the CNS and a sliver of the BP-operated Clair field in the West of Shetland (WoS). The remaining assets are broken down into East Irish Sea and "other producing assets". "In the CNS, we will own a range of operated hub infrastructure providing a
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