Slaughter and May is advising the Alpha Petroleum group on the sale of 100% of Alpha Petroleum Resources Limited

Slaughter and May is advising the Alpha Petroleum group on the sale of 100% of Alpha Petroleum Resources Limited (“Alpha Petroleum”), an upstream oil and gas company focusing on the UK North Sea, to Waldorf Production Limited for an undisclosed sum.

Alpha Petroleum’s primary offshore development asset, the Cheviot field, which is 100% owned and operated by Alpha Petroleum, is one of the largest undeveloped fields in the UK North Sea, with estimated reserves of 50 MMBbls of oil and 120 bcf of future gas production. Alpha Petroleum also operates three producing Southern North Sea assets.

The Alpha Petroleum group is advised by Shorelight Partners, which invests in businesses throughout the energy value chain with a geographic focus in Europe and other low risk jurisdictions.