Oil & Gas Drilling
Viaro to purchase Shell, Exxon's North Sea possessions
Independent British oil manufacturer Viaro Energy stated on Tuesday it would purchase UK Southern North Sea possessions owned by Shell and Exxon Mobil. Reuters reported about the offer talks in May, citing sources and one of them had stated the transaction might be valued at $500. million. Viaro stated it would assume full ownership of one of the. biggest and longest producing gas property portfolios in the UK. Continental Rack. Pending regulative approval, Viaro would acquire a portfolio. consisting of 11 ran offshore assets and one exploration. field, all tying back to the Shell-operated onshore Bacton Gas. Processing Terminal through...