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.
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.