TotalEnergies merges UK offshore assets to form NEO NEXT+

Summary

TotalEnergies merges its UK offshore upstream business with NEO NEXT Energy Ltd. to create NEO NEXT+, holding a 47.5% stake. The new entity is expected to produce 250,000 boe/d by 2026, combining assets from TotalEnergies, NEO Energy, and Repsol UK.

Recent Coverage

• TotalEnergies to merge UK offshore assets to form NEO NEXT+

  Oil & Gas Journal - General Interest • Dec 8

• TotalEnergies merges its upstream business with NEO NEXT, creating the largest independent oil and gas producer in the UK

  Oilfield Technology • Dec 8