Chrysaor aims to cross the UK-Norway divide
Grevling farm-in makes Chrysaor the second private equity-backed North Sea producer to straddle UK and Norwegian waters
Chrysaor, the North Sea independent backed by Harbour Energy, an oil and gas acquisition fund raised by EIG Global Energy Partners, received approval in late October for its farm-in to the Grevling discovery in the Norwegian North Sea. The deal, first announced in March, sees Chrysaor taking a 15pc stake in Grevling from operator Okea, another private equity (PE)-backed Norwegian independent, with an option to increase its ownership to 35pc. The entry into the Norwegian continental shelf (NCS) makes Chrysaor, after Neptune, the second PE-funded producer to encompass both the UK and Norwegian sectors. Grevling may, though, ultimately be tied back across the maritime boundary line to Chrysaor'
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