UK M&A | RockRose agrees to acquire Shell and ExxonMobil’s SNS asset package
August 5, 2024
On 30 July 2024, RockRose Energy agreed to acquire the interests of both Shell and ExxonMobil in Shell’s operated Southern North Sea assets, comprising 15 gas fields that make up the Leman and Clipper production hubs. Shell and ExxonMobil’s interests in the Bacton gas processing terminal and Shell’s operated 50% interest in licence P2437, containing the Selene prospect on which an exploration is currently active, were also included in the deal. Neither a consideration nor effective date for the deal have been reported.