Chrysaor Holdings Ltd., London, has completed its acquisition of UK North Sea interests from Royal Dutch Shell PLC for $3 billion, subject to adjustments (OGJ Online, Jan. 31, 2017).
The privately held company expects production net to the acquired interests to average slightly less than 120,000 boe/d this year. Operating costs are less than $15/bbl, it said.
Interests in the deal are Beryl Area, 39.4%; Bressay, 18.4%; Buzzard, 21.73%; Elgin-Franklin, 14.1%; Erskine, 32%; Everest, 100%; Greater Armada Area, 76.4%; J Block, 30.5%; Lomond, 100%; and Schiehallion, 10%.
Chrysaor becomes operator of the Armada, Lomond, and Everest hubs.
