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HitecVision and Oman’s Petrogas have teamed up to buy a portfolio of Total’s British North Sea oilfields for $635 million. The oilfields currently produce 25,000 bpd but the two companies have plans to expand the production to 100,000 bpd within 2-3 years.

Oman’s Petrogas and HitecVision to Buy Total’s British North Sea Oilfields

HitecVision and Oman’s Petrogas have teamed up to buy a portfolio of Total’s British North Sea oilfields for $635 million.

The oilfields currently produce 25,000 bpd but the two companies have plans to expand the production to 100,000 bpd within 2-3 years.

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