The potential acquisition of additional producing assets in the North Sea from DONG would allow Cairn Energy to generate greater cash flow with which to focus on developing its prospective Senegalese resource base.
BMI View: Chrysaor's acquisition of a mature asset base in the North Sea will support end of life recovery optimisation at a number of the fields. This latest deal reinforces our view that private equity will be more prominent in upstream and the North Sea is likely to see an increase in the presence of private equity backed players, looking to optimise and extend production from maturing...
Hurricane Energy's latest resource estimates are likely to encourage outside investment interest into their 100% owned West of Shetland prospects. We believe there is notable potential for farm-in opportunities in the 'Greater Lancaster Area' and suggest that the introduction of external capital and technical expertise would provide upside potential to the prospect of future production.
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