KeyfactsEnergy

NEO Energy

Contacts

NEO Aberdeen
9th Floor, The Silver Fin Building
455 Union Street
Aberdeen, Scotland
AB11 6DB

Tel:

NEO London
Level 32, The Gherkin
30 St Mary Axe
London, EC3A 8BF
United Kingdom

Tel:
info@neweuropeanoffshore.com

Description

NEO Energy was founded in July 2019 as an independent full-cycle energy business in the UKCS. The company is backed by HitecVision, a leading private equity investor focused on Europe’s offshore energy industry.

In October 2019 HitecVision integrated its other North Sea firm, Verus Petroleum into NEO; a significant step towards NEO becoming a leading UKCS independent. Verus Petroleum was a successful company in itself that had built a strong portfolio from 2014 onwards, and through this portfolio, NEO acquired historic operating experience.

In 2020 NEO completed the acquisition from Total of a portfolio of operated and non-operated assets in the UK North Sea. This created a solid platform for growth and secured their position as one of the top 10 independent producers in the region.

Strategy

NEO's strategy is to build a leading producer in the UKCS through operational excellence and a combination of organic and inorganic growth, underpinned by a culture of continual improvement. The company are targeting production of 100,000 boepd in 2022 and continued growth beyond.

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