Siccar Point Energy said today that it had agreed to sell majority interests in two exploration licences in the west of Shetland area to energy giant Ineos.
Siccar Point Energy
Aberdeen oil firm Siccar Point Energy has struck a deal to sell its stake in the Jackdaw discovery in the central North Sea.
Siccar Point Energy (SPE) has booked a rig for an appraisal well west of Shetland.
Another North Sea newcomer has put down roots in Aberdeen.
Oil major BP is celebrating the start of production from Quad 204, one of the largest field redevelopments in North Sea history.
A boss at BP has hailed the North Sea as an attractive place to invest and said the oil major would keep working to “reinforce confidence” in the region.
North Sea oil and gas is on the crest of a “third wave” in its evolution following a series of major deals worth more than $6billion (£4.8billion), energy professionals have claimed.
OMV said it has closed its divestment of its British business to Siccar Point Energy.