NEO Energy Production UK Ltd (NEO) has been fined £100,000 for breaching its combined vent consent for the Donan, Lochranza and Balloch fields 200km northeast of Aberdeen. FAILURE The North Sea Transition Authority said that venting approval, issued for 1 January to 31 December 2022, allowed for 1.035 tonnes of venting per day, equivalent to […]
Tag: NEO Energy Production UK Ltd
OGA investigates proposed sale of producing fields
The Oil and Gas Authority (OGA) has started investigating the proposed sale by Esso Exploration & Production Ltd (EEPUK) to NEO of 13 producing fields, specifically Elgin Franklin, in the North Sea. SANCTIONABLE OGA said it was concerned that the transaction was not progressing as quickly as expected. The regulatory authority has previously raised concerns generally about ”transaction drag” and the chilling […]