RockRose completes pair of North Sea acquisitions

North Sea oil firm RockRose Energy today confirmed the completion of two acquisitions.

RockRose said it had received the Oil and Gas Authority’s blessing to wrap up the deal for Egerton Energy Ventures, giving it a 27.8% non-operated interest in the Galahad field and 8.33% of Mordred in the southern North Sea.

The London-headquartered company has also completed the purchase of Sojitz Energy Project (SEP).

In August, RockRose announced a deal to buy SEP from Japan’s Sojitz Corporation for $2.5million.

The transaction means RockRose now owns 15% of the Tors Field unit area, 7.5% of the Grove field, and 10% of the Seven Seas field, all in the Southern Gas Basin.

Earlier this month, RockRose finalised the acquisition of Idemitsu Petroleum.

The deal, first announced in October, added interests in 10 North Sea fields to RockRose’s portfolio.

The fields included in the acquisition were Ross, Blake, Tain, Nelson, Howe, Balmoral, Stirling, Beauly, Burghley and Galley.

Closure of all three deals means RockRose will have projected production of 5,250 barrels of oil net per day next year.

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