We have shared with colleagues a proposal to restructure our UK organisation, separating into two independent organisations: a Barrow-based Operating Company, managing the Morecambe Hub fields in the East Irish Sea, and an Aberdeen-based Development Company, taking forward our Morecambe Net Zero (MNZ) carbon storage business to a Final Investment Decision.

 

With the expected completion of the transaction with Serica Energy for our Greater Markham Area (GMA) portfolio in the second half of this year, our structure must change to ensure our resources and personnel are where they are needed to support our activities.

 

We are committed to supporting all our colleagues throughout the consultation process.