HitecVision Is Said to Weigh Options for UK North Sea Oil Producer NEO
- NEO Energy was sixth-largest North Sea producer last year
- Smaller oil companies have been hit hard by a windfall tax
NEO Energy is one of a handful of newcomers to the UK North Sea that has recently swept up assets from majors who have left the aging basin.
Photographer: Kristian Helgesen/BloombergThis article is for subscribers only.
Norwegian private equity firm HitecVision is weighing options for UK oil and gas producer NEO Energy, including a potential sale, according to people with knowledge of the matter.
HitecVision is working with advisers as it studies strategic alternatives for NEO Energy, which could also include merging it with another operator, the people said, asking not to be identified because the information is private.