Chrysaor Announces Acquisition of Spirit Energy’s Interests in the UK’s Armada Area
Monday 26 March 2018
Chrysaor, the UK oil & gas independent, announced it has entered into an agreement with Spirit Energy to acquire its entire interests in the Armada, Maria and Seymour fields. As part of the transaction, Spirit Energy will retain associated liability for decommissioning subject to a cap.
As a result of the acquisition Chrysaor will own 100% of the Armada Area. The deal is expected to complete in the second half of 2018.