Just one asset deal was announced in Q1 2024, a step change from the nine in Q4 2023, representing a low level of activity not seen since 2020. The single deal was DNO’s acquisition of ONE-Dyas’s 25% interest in the producing Arran field. The major announcement in Q1 was Ithaca Energy’s proposed merger with Eni’s North Sea business, which was subsequently confirmed in April. Ithaca will become the fourth largest producer and reserves holder in the UK, and jump to first place for both reserves and resources combined.

ACCESS PDF