LONDON (Jan 31): Chrysaor, which has just bought much of Shell's UK North Sea assets for up to US$3.8 billion, said it was in the market for more North Sea deals to expand its newly acquired position as one of the basin's biggest independent producers. "Our focus will be in the North Sea on assets that add synergies or help us broaden or deepen our portfolio," said Linda Cook, who has taken over as chairman of Chrysaor. She has previously been managing director at EIG and chief executive of Shell's gas and power business. Cook said the company was considering acquisitions in the British and other parts of the North Sea. Around one quarter of its portfolio is now operated assets, meaning Chrysaor is the main manager of the fields.

Source: The Edge Markets January 31, 2017 13:18 UTC