NEO was founded in July 2019 as an independent full-cycle energy business in the UKCS. We’re backed by HitecVision, a leading private equity investor focused on Europe’s offshore energy industry.
In October 2019 HitecVision integrated its other North Sea firm, Verus Petroleum into NEO; a significant step towards NEO becoming a leading UKCS independent. Verus Petroleum was a successful company in itself that had built a strong portfolio from 2014 onwards, and through this portfolio, NEO acquired historic operating experience.
In 2020 NEO completed the acquisition from Total of a portfolio of operated and non-operated assets in the UK North Sea. This created a solid platform for growth and secured our position as one of the top 10 independent producers in the region.
NEO Energy's Involvement with the Council
Involvement
Come and meet NEO Energy at World Energy Capital Assembly