Announced
Financials
Sources
Tags
Private
Domestic
gas fields
Single Bidder
Minority
United Kingdom
Pending
Integrated Oil and Gas
Acquisition
Friendly
Synopsis
Tailwind Energy, an oil and gas company, agreed to acquire a 27.5% stake in Shearwater field, a gas field, from BP, a British multinational oil and gas company. Financial terms were not disclosed. Tailwind explained that the transaction, which is subject to partner and regulatory approvals, furthers its growth strategy by adding another high-quality producing asset to the portfolio.
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