Siccar takes stake in North Sea Mariner field

Offshore staff

LONDON – Siccar Point Energy, a joint venture owned by Blue Water Energy and funds managed by Blackstone Energy Partners, has acquired an 8.9% interest in the Greater Mariner Area of the UK northern North Sea from JX Nippon Exploration and Production (U.K.).

This is the JV’s first acquisition since Siccar was launched in August 2014.

Within the area, the Statoil-operated Mariner field is one of the largest remaining oil fields. Production is expected to start in 2018.

Aside from JX Nippon, the other partner is Dyas Mariner.

Siccar Point has also appointed former BG Group CEO Chris Finlayson as its chairman.

08/18/2016

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