NEO Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

NEO Energy M&A Summary

NEO Energy has acquired 3 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

NEO Energy’s largest acquisition to date was in 2021, when it acquired Exxon Mobil - U.K. upstream central and northern North Sea assets for $1.0B. The Company’s most targeted sectors include oil/gas exploration (100%).

NEO Energy Business Overview

Where is NEO Energy headquartered?

NEO Energy is headquartered in Aberdeen, United Kingdom.

What sector is NEO Energy in?

NEO Energy is an oil/gas exploration company.

When was NEO Energy founded?

NEO Energy was founded in 2019.

M&A Summary

M&A Total Activity3
- M&A Buy Activity3
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 3

NEO Energy

9th Floor, The Silver Fin Building, 455 Union Street,
Aberdeen, AB11 6DB
United Kingdom,
www.neweuropeanoffshore.com

NEO Energy is an independent full-cycle energy business in the UK. NEO Energy was founded in 2019 and is based in Aberdeen, Scotland.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.4/yr)	#	1	-	2	-	-	-	3
Buy (0.4/yr)	vol			$1.6B				$1.6B
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								3

Most Recent M&A

Company	Date	Value	Type
Zennor Oil & Gas Ltd.	2021-03-08	625M USD	Add-on Acquisition
Surrey, United Kingdom · www.zennorpetroleum.com
Exxon Mobil Corp. - U.K. upstream central and northern North Sea assets	2021-02-24	1.0B USD	Divestiture
, United Kingdom
Verus Petroleum	2019-10-03	-	Merger
Aberdeen, United Kingdom · www.veruspetroleum.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Oil/Gas Exploration		3 (100%)	1.6B (100%)	-	-
Total		3	$1.6B	-	-

By Geo

State/Country		Buy	Value		Sell	Value
United Kingdom		3	1.6B		-	-
Total		3	$1.6B		-	-

Deal Values

buy	#	Total
> $1B	1	$1.0B
$100M to $1B	1	$625M
TOTAL		$1.6B
Largest	Exxon Mobil Corp. - U.K. upstream central and northern North Sea assets $1.0B (2021-02-24)

M&A Connections

		Deals
Acquired from
Investor(s)	67%	2 (67%)
Strategic(s)	33%	1 (33%)

Company Summary

SECTOR

Oil/Gas Exploration

Established

2019

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NEO Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany