West of Shetland M&A proves positive
PE-backed Siccar Point sees recent ownership changes in West of Shetland assets as useful re-organisation
Siccar Point Energy remains bullish on its core West of Shetland (WoS) region on the UK continental shelf (UKCS), based on its excellent exploration and production potential. And it is unfazed at recent M&A activity that has seen some US majors make or plan exits from the province. The firm, founded in 2014 with backing from private equity (PE) heavyweights Blue Water Energy and Blackstone Energy, operates WoS assets including the Cambo field, with estimated reserves of 900mn/boe of oil-in-place. Its CEO Jonathan Roger told Petroleum Economist on the sidelines of Aberdeen's Offshore Europe conference that Cambo could be sanctioned as soon as early next year. The WoS story has been gener
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026