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Good news for Oil & Gas M&A in the U.K.?

Siccar Point Energy, an exploration and pipelining company based in Aberdeen and backed by private-equity, have pulled off a significant deal to acquire OMV’s North Sea interests. The $1bn deal is estimated to be the largest for the offshore energy industry in the UK, following the severe drop in crude prices. This is the second significant deal of the year that the highly acquisitive firm has made in the North Sea.

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