Oil firm RockRose Energy said today that it had completed the takeover of Idemitsu Petroleum UK after receiving approval from the Oil and Gas Authority.
The deal, first announced in October, adds interests in 10 North Sea fields to RockRose’s portfolio.
The fields included in the acquisition include Ross, Blake, Tain, Nelson, Howe, Balmoral, Stirling, Beauly, Burghley and Galley.
RockRose will take on a number of Idemitsu employees to assist with the management of the assets.
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