On 13 June, Independent Oil & Gas (IOG)# signed an SPA with Verus Petroleum to acquire its subsidiary Oyster Petroleum. The acquisition remains conditional to Verus transferring certain licences into Oyster and will see IOG create an additional hub in the Southern North Sea (SNS) increasing its 2C resources by 320.7BCF (c53mmboe).
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Vulcan Satellites Add to the Hub Strategy
- Published:
17 Aug 2016 -
Author:
VSA Research Team -
Pages:
4
On 13 June, Independent Oil & Gas (IOG)# signed an SPA with Verus Petroleum to acquire its subsidiary Oyster Petroleum. The acquisition remains conditional to Verus transferring certain licences into Oyster and will see IOG create an additional hub in the Southern North Sea (SNS) increasing its 2C resources by 320.7BCF (c53mmboe).