Exploration results could be driver behind SNS development deal

Exploration results could be driver behind SNS development deal

Yesterday, Neptune Energy announced that it will develop the Pegasus West discovery through the acquisition of a 38.75% stake from Spirit Energy.

In 2019, when Spirit Energy expressed an interest to develop the Pegasus West discovery as a tie-back to the Neptune-operated nearby Cygnus field, Neptune blocked the concept as it claimed that the platform did not have enough capacity. This caused some tension between the two companies, especially because Spirit holds a 61.25% majority share in […]

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