North Sea—life in the old dog
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators
Serica Energy wasn't a name on many people's lips until last November, when the UK-based minnow revealed a deal to acquire a cluster of BP's North Sea assets. The proposed purchase of controlling interests in the Bruce, Keith and Rhum (BKR) fields would turn the company into a significant regional player at a stroke—but this isn't a role that daunts Tony Craven Walker, Serica's co-founder and executive chairman, who has done it all before. Craven Walker's involvement with the region's oil and gas industry dates back to the 1970s, when he worked for BP and the North Sea's glory days still lay ahead. Since then, he has been a prominent figure in the independent oil sector, founding Charterhous
Also in this section
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
29 November 2024
There are opportunities for attractive returns and greater project success amid a real push by the Iraqi government for reform, as long as there is a shared understanding between the needs of investors and the host government
