Newcomer Siccar Point buys into mariner heavy oil field

摘要

London-Private equity-backed Siccar Point Energy said Tuesday it is buying a minority stake in the Mariner heavy oil project from Japan’s JX Nippon, suggesting a possible revival of North Sea asset deals and confidence in UK heavy oil projects. The purchase of an 8.9% stake for an undisclosed sum is the first by Siccar Point since it was launched by Blue Water Energy and Blackstone in 2014.