Blackstone, Blue Water and GIC invest in Siccar

The deal comes hot on the heels of a similar investment last week, which saw Riverstone, Barclays Natural Resource Investments and Temasek investing a combined $525m into Stavanger-headquartered Origo Exploration.

Company
Newly formed Siccar is an exploration, development and production company focused on the North Sea. The company will initially focus on the UK Continental Shelf. The fresh capital will enable Siccar to pursue its growth strategy of making add-on acquisitions, farm-ins and licensing of new acreage.

The company is headquartered in Aberdeen.

People
The business is led by CEO Jonathan Roger, former MD of Centrica Energy Upstream. He is joined by Iain Bartholomew as subsurface director, Doug Fleming as finance director and David Sheach as general counsel.

Graeme Sword is partner of Blue Water. Mustafa Siddiqui is managing director of Blackstone.

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• Topics
• UK / Ireland
• Expansion
• Blackstone Group
• United Kingdom