Neo Next+ emerges as largest oil and gas producer in UK North Sea
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View chart & analysis → - 1Neo Next+ led 16 consecutive acquisitions and large-scale mergers.
- 2Neo Next+ secured control over 110 of approximately 250 remaining active oil and gas fields in the UK.
- 3Neo Next+ plans to invest less than $1 billion [£75 million] in North Sea drilling this year.
So what's the key point?
Neo Next+ has secured 110 gas and oil fields in the UK North Sea through several company mergers. The company is growing into a major producer by investing around £75 million in drilling this year.
Source The Telegraph · View original ↗
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