document: Alpha Petroleum Resources is reportedly up for sale according to press. The company runs the Cheviot field (100% in part-blocks 2/10b, 2/15a + 3/11b east of Shetlands). The offer is Alpha/Cheviot on the basis of the sanction-ready devt plan, value ab. USD 650 MM, or a 70% carried stake.   Meanwhile an agreement with Teekay to provide the Petrojarl Varg FPSO on Cheviot for 7 years has been terminated on financial issues.Â First oil had been planned 2Q â21.
summary: Alpha Petroleum Resources is reportedly up for sale according to press. The company runs the Cheviot field (100% in part-blocks 2/10b, 2/15a + 3/11b east of Shetlands). The offer is Alpha/Cheviot on the basis of the sanction-ready devt plan, value ab. USD 650 MM, or a 70% carried stake.