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Siccar Point Energy
The company
^iccar Woint nergy ǁas estaďlished in 201ϰ ǁith the aim oĨ ďuilding a leading UK indeƉendent, Ĩull cycle,
edžƉloration, deǀeloƉment and Ɖroduction comƉany͘ Its strategy is to ďuild a ƉortĨolio oĨ assets ǁhere
it can use it s e
x
t
e nsiv
e Nor
t
h Se a e
x
p
e
r ie nce t o cr
e at
e v alue t
h
r ough follow
- on inv
e st
m
e nt and gr ow
reserǀes through inĨill drilling, liĨe edžtension, neǁ deǀeloƉments or edžƉloration͘
The ďusiness noǁ includes interests in three oĨ the largest UK assets ďy remaining reserǀes ;^chiehallion,
Dariner and ZoseďanŬͿ, as ǁell as a ƉortĨolio oĨ additional material deǀeloƉment and edžƉloration
oƉƉortunities, many oĨ them oƉerated͘ tith around ϰ00 million ďoe oĨ discoǀered resources, it is the
seǀenth largest resource holder on the UK ^, has one oĨ the largest resource holdings in the ǁest oĨ
^hetlands, and a Ɖroduction ƉroĨile through to the 20ϱ0s͘
Details of the investment
^iccar Woint nergy comƉleted tǁo signiĨicant acƋuisitions during the last 12 months͘ &irstly, an interest
in the Dariner Ĩield, and then in :anuary this year, it acƋuired Austrian national oil comƉany ODs͛s entire
UK b usine ss.
How is the company financed?
The comƉany is Ĩinanced through a comďination oĨ Ĩunds Ĩrom shareholders, lue tater nergy and
lacŬstone nergy Wartners, as ǁell as a Zeserǀes ased Loan Ĩrom a syndicate oĨ leading international
b anks.
&ounded in 2011, lue tater nergy is a gloďal, middle marŬet energy Ɖriǀate eƋuity Ĩirm ďased in London͘
The Ĩirm Ɖrimarily targets Ɖriǀate eƋuity inǀestments in the gloďal energy suƉƉly chain, ǁhile Ɖartnering
w it
h m anage
m
e nt t
e am s and using a ne
t
w or k of inv
e st
m
e nt and op
e
r at ing p
r ofe ssionals.
Blackst one E ne
r gy P ar
t ne
r s h as a r
e cor d b uilt on it s indust
r
y e
x
p
e
r
t ise and p ar
t ne
r sh ip s w it
h m anage
m
e nt
teams͘ It has inǀested oǀer Ψϴ ďillion oĨ eƋuity gloďally across a ďroad range oĨ sectors ǁithin the
e ne
r gy indust
r
y .
Why is the UK an attractive place to invest?
T
h
e
r
e is st ill sub st ant ial p ot
e nt ial in t
h
e UKC S and Siccar P oint
’ s p or
t folio is ge ogr ap
h ically focuse d on
w
h
e
r
e it se
e s t
h
e gr
e at
e st gr ow
t
h p ot
e nt ial and longe
v it
y . T
h is com
b ine d w it
h a r
e lat iv
e ly st ab le and low
r isk p olit ical clim at
e h as cle ar ly de
m onst
r at
e d t
h at glob al cap it al can b
e at
t
r act
e d t o t
h
e r
e gion.
What are the next steps?
&olloǁing the ODs deal comƉletion in :anuary, the comƉany has Ĩully integrated ďoth ďusinesses and
locat
e d t
h
e w
h ole t
e am in A
b
e
r de
e n. T
h
e com
p any is going t
h
r ough a r ap id gr ow
t
h p
h ase w it
h Sch ie
h allion
r
e ce nt ly r
e
t ur ning t o p
r oduct ion and M ar ine
r due t o com
m
e nce p
r oduct ion in 2018 . T
h
e com
p any w ill
ďe inǀesting around Ψϱ00 million oǀer the nedžt tǁo years in these oƉƉortunities, as ǁell as Ɖrogressing
addit ional gr ow
t
h op
p or
t unit ie s in t
h
e p or
t folio. T
h
e se include dr illing an ap
p
r aisal w
e ll in C am
b o in 2018
Ɖrior to deǀeloƉment sanction͖ Ɖrogressing ZoseďanŬ to Ɖroũect sanction͖ and unlocŬing the Ɖotential oĨ
it s e
x
p lor at ion p or
t folio.
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