The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).

Neo announced a deal to acquire a package of assets in the Northern and Central North Sea from Exxon last month for $1bn (£707m on 24.2.21), the majority of which are non-operated stakes.

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Photo Credit: Energy Voice

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