Neo's North Sea Exxon buy comes with $1B decom price tag

NEO Energy could be staring down the barrel of a US$1 billion decommissioning fee, after it acquired ExxonMobil’s legacy North Sea assets last month, according to analysis from Westwood Energy.

23 March 2021
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NEO took stakes in 21 assets and 14 producing fields in February.

Shell operates most of the fields.

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