The transaction will see Chrysaor [Kris-or] become the UK’s leading independent oil & gas company focused on the North Sea and delivering profitable near-term, medium-term and full cycle growth across the region.
Harbour Energy funds under management
Chrysaor, backed by Harbour, will form a platform for significant growth in the region. We look to acquire further assets that are material to our business as we bring to bear energy, skills and additional investment to enable the company to perform to full potential.”
Chrysaor is a private company established in 2007 and focused on generating superior equity returns by developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. The company’s aim is to become a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.
Harbour Energy, Ltd. (“Harbour Energy”) is an energy investment vehicle formed by EIG Global Energy Partners (“EIG”) and the Noble Group to pursue control and near control investments in high-quality upstream energy assets globally. Harbour Energy is externally managed by EIG and led by a management team that includes Linda Z. Cook, a 29-year veteran of Royal Dutch Shell, as CEO and Terence Jupp, former Vice President of International Operations for Anadarko Petroleum, as COO. For more information, please visit www.harbourenergy.com. EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $14.3 billion under management as of September 30, 2016. EIG has invested over $23 billion in more than 310 portfolio investments in 36 countries on six continents. For more information, please visit www.eigpartners.com.