North Sea rivals weigh bids for exploration assets of ailing Prax Group

North Sea rivals weigh bids for exploration assets of ailing Prax Group

Enquest and Serica Energy are among the North Sea players which have been considering offers for Prax’s exploration and production arm ahead of a Thursday deadline, Sky News understands.

North Sea rivals weigh bids for exploration assets of ailing Prax Group | Money News | Tech, Entertainment, Sport, Fashion, Travel News

Some of the North Sea’s biggest independent oil producers are examining bids for the upstream operations of Prax Group, the energy conglomerate whose collapse has triggered the closure of one of Britain’s few remaining oil refineries. Sky News has learnt that Enquest and Serica Energy have been in talks with administrators handling the insolvency of parts of the group about submitting offers for its exploration and production arm ahead of a dead…

North Sea rivals weigh bids for exploration assets of ailing Prax Grou

Some of the North Sea’s biggest independent oil producers are examining bids for the upstream operations of Prax Group, the energy conglomerate whose collapse has triggered the closure of one of Britain’s few remaining oil refineries. Sky News has learnt that Enquest and Serica Energy have been in talks with administrators handling the insolvency of parts of the group about submitting offers for its exploration and production arm ahead of a dead…