Scandoil  

Siccar Point secures £500m investment from Blue Water and Blackstone Energy


Published Sep 2, 2014
Siccar Point Energy Limited

Siccar Point Energy Limited (together with its subsidiaries referred to as Siccar Point Energy or the Company), a new exploration, development and production company focused on the North Sea, says that affiliates of Blue Water Energy and Blackstone Energy Partners (Blackstone) have agreed to lead an initial investment of up to $500 million in the Company, including funding provided by Singapore's sovereign fund GIC.

Siccar Point Energy will participate across the full value chain from exploration through to production. The Company will initially focus on UK Continental Shelf (UKCS) opportunities where a change of control will facilitate follow-on investment activity that will further enhance asset potential. The team has expertise in managing large, complex assets in the UKCS whilst adopting innovative technologies and strategies to unlock the maximum commercial hydrocarbon potential. The Company will also have a strong North Sea exploration focus that targets the best returns taking account of both technical and fiscal factors.

Tags: Siccar Point Energy Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml