San Juan Offshore completed the acquisition of Arena Energy for £49m.

San Juan Offshore, an offshore firms created by the Arena Energy management team and Lime Rock Partners, completed the acquisition of Arena Energy, an oil and gas exploration and production, for £49m ($65m). "This has been the most challenging year in our careers, given the impacts of COVID-19 on Arena Energy and the global oil and gas industry. We are thankful to have faced this challenge, with our employees and and our partners at Lime Rock, and have a business that now has the capital structure necessary to execute our development program going forward,” Mike Minarovic, San Juan Offshore Founder and Arena Energy Chief Executive Officer.