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TotalEnergies to merge UK offshore assets with NEO NEXT, creating largest UK independent producer by 2026.
TotalEnergies has agreed to merge its UK offshore oil and gas operations with NEO NEXT Energy, forming NEO NEXT+, set to become the largest independent producer in the UK.
The deal, pending regulatory approval, is expected to close in early 2026.
TotalEnergies will hold a 47.5% stake, with HitecVision and Repsol owning 28.875% and 23.625%, respectively.
The combined company will operate key North Sea fields and is projected to produce over 250,000 barrels of oil equivalent per day by 2026, aiming to boost profitability and long-term sustainability.
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TotalEnergies fusionará los activos offshore del Reino Unido con NEO NEXT, creando el mayor productor independiente del Reino Unido para el año 2026.