UKCS market remains buoyant, according to Reabold Resources
Reabold aims for project conveyor belt
The firm hopes to take advantage of a shift in UKCS M&A dynamics
AIM-listed Reabold Resources has ambitions to repeat its success at the UK’s Victory gas discovery—where it has received an offer for operator Corallian Energy, in which it holds a 49.9pc stake—with the remainder of Corallian’s portfolio, which it has agreed to buy. And it feels a dwindling supply of in-production assets available for sale on the UK continental shelf (UKCS) may have both aided the Victory deal and could drive interest in its new licences. “What we look to do is find projects that are not quite ready to attract the interest of the larger buyer who is the right developer—developing Victory would have been difficult for us just in terms of scale,” says Reabold co-CEO Stephen Wi
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
