Chrysaor aims to cross the UK-Norway divide
Grevling farm-in makes Chrysaor the second private equity-backed North Sea producer to straddle UK and Norwegian waters
Chrysaor, the North Sea independent backed by Harbour Energy, an oil and gas acquisition fund raised by EIG Global Energy Partners, received approval in late October for its farm-in to the Grevling discovery in the Norwegian North Sea. The deal, first announced in March, sees Chrysaor taking a 15pc stake in Grevling from operator Okea, another private equity (PE)-backed Norwegian independent, with an option to increase its ownership to 35pc. The entry into the Norwegian continental shelf (NCS) makes Chrysaor, after Neptune, the second PE-funded producer to encompass both the UK and Norwegian sectors. Grevling may, though, ultimately be tied back across the maritime boundary line to Chrysaor'
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