A new oil and gas company has agreed to buy Shell and ExxonMobil’s stakes in the central North Sea Triton cluster.
London-headquartered Tailwind Energy said yesterday that it plans to “further develop” Triton.
The newcomer’s focus is on acquiring and investing in UK continental shelf assets.
It is backed by private commodities and energy group Mercuria.
The Triton floating production, storage and offloading (FPSO) vessel is located 120 miles east of Aberdeen.
It produces oil and gas from the Bittern, Clapham, Pict, Saxon, Guillemot West and North West fields.
First oil from the cluster was achieved in 2000.
Operator Dana Petroleum holds a 51.966% stake in Triton FPSO, Shell holds 26.42%, ExxonMobil has 20%, and Endeavour has 1.614%.
The deal is subject to regulatory and partner approvals and is expected to go through in the first half of 2018.
The fee was not disclosed.
Tailwind and Shell said no staff members would be transferred as part of the transaction.
Tailwind has an agreement with Petrofac to provide transition, operations and project execution services in support of its activities.
A Shell spokesman confirmed the deal had been agreed and said the sale was in line with its strategy of reshaping the business into a “world class investment case.”
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