Siccar Point Energy’s chief executive Jonathan Roger claims the private equity backed operator has “huge potential” to become one of biggest new North Sea players.
Mr Roger spoke on the first day of Offshore Europe in Aberdeen, where he explained the vision for the company.
Siccar Point is backed by private equity firms including US giant Blackstone and Blue Water Energy, a smaller London-based investor led by former 3i man, Graeme Sword.
Mr Roger was chief operating officer of Aberdeen-based Venture before becoming managing director at Centrica Upstream, a position which he left in 2013.
Late last year Siccar Point snapped up the UK division of Austrian company OMV in a deal worth up to $1billion (£805.5million).
This includes stakes in several major projects including an 11.64% share of BP’s Schiehallion redevelopment West of Shetland, which started production in May this year.
The deal also gave Siccar Point a 20% share in Rosebank, a £6billion project operated by Chevron.
The firm already had a stake in Statoil’s Mariner heavy oil field, giving it interests in three of the four largest UK fields by remaining reserves – Schiehallion, Mariner and Rosebank.