ExxonMobil, Shell sell offshore fields in mature UK North Sea to

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Click on the top to follow us (Bloomberg) – Viaro Energy Ltd. agreed to buy a number of gas fields in the UK North Sea from Shell Plc and Exxon Mobil Corp., giving the closely held company its first role as an offshore operator in the country. The UK North Sea is one of the world’s most mature oil provinces, having started production in the 1960s. (Photographer: Carina Johansen/Bloomberg) Viaro will take full ownership of the Bacton onshore gas terminal and 11 offshore facilities that produced around 28,000 boe last year, according to a statement from the company on Tuesday. That’s equivalent to about 5% of total UK gas production, and the company said it sees potential to expand production further. Completing the acquisition would make Viaro the most active buyer of UK oil and gas assets in the last five years, by number of deals, according to data compiled by Bloomberg. Viaro’s Chief Executive Officer Francesco Mazzagatti described Tuesday’s deal as the “crowning achievem ………………………………