The Prax Group Acquires Hurricane Energy Plc

June 19, 2023

The Prax Group has completed the acquisition of UK oil and gas explorer Hurricane Energy Plc, gaining full control of the Lancaster offshore oil field in the West of Shetland basin. The deal expands Prax's capabilities upstream as it moves to integrate Hurricane's exploration and production assets into its downstream and midstream operations.

Buyers
The Prax Group
Targets
Hurricane Energy Plc
Industry
Energy
Location
England, United Kingdom
Transaction Type
Buyout

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