The transaction consists of a material, cash generative portfolio of assets in four producing areas in the UK North Sea, with an expected average 2019 production of 25,000 barrels of oil equivalent per day (boepd), placing the portfolio among the 20 largest producers on the UKCS. The transaction includes operatorship of two assets, the Quad 15 and Flyndre areas, and an operator organisation of around 110 employees and contractors.
