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Related Articles
Accelerated gas focus for new UK licensing round
Regulator designates four priority clusters in Southern North Sea for fast track
Mixed appetite for UKCS farm-outs
Deltic reports progress but will also relinquish two licences after failed processes
Private capital holds the key to the oil and gas kingdom
Equity investors may remain cautious, while funds are evolving in response to a changing market landscape
Little love lost as Serica and Kistos walk away
Neither firm will pursue their offer for the other, but they may look elsewhere
Suncor in no rush on UKCS sale
The Canadian producer’s exit from Norway may not be closely followed by divestment across the maritime border
Shell commits to second SNS exploration probe
The major will sink another well linked to farm-in agreements with UK independent Deltic
Hurricane looks to a debt-free future
Embattled North Sea producer is set to pay off the last of its convertible bonds later this month
Is there logic in Kistos-Serica?
Both sides appear potentially interested in a union on their terms. But not all analysts are convinced
UKCS firms look at investment allowance options
Producers eye spending to offset windfall tax hit
Banks retain oil and gas lending caution
The Ukraine crisis has not yet seen Europe’s financial institutions shift gears on lending to producers of domestic oil and gas
North Sea Private equity
Peter Ramsay
22 January 2019
Follow @PetroleumEcon
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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

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