Siccar Point banks on quality
The North Sea new entrant is relying on its assets base
Siccar Point Energy entered the UK North Sea as recently as 2016 with the acquisition of a stake in the Mariner field from Japan's JX Nippon. It substantially expanded its portfolio later that year with a deal to buy Austrian OMV's North Sea business, giving it, amongst other assets, stakes in the Schiehallion and Rosebank fields and several west of Shetland discoveries. Siccar Point, backed by private equity (PE) firms Blackstone and Blue Water Energy (BWE), has also worked on fine-tuning its holdings—selling its stake in the Jackdaw discovery to the Netherlands' Dyas, farming out a stake in its Lyon prospect to UK chemicals firm Ineos and selling a portion of its interest in the Cambo disc
Also in this section
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest