Hansa Hydrocarbons is an E&P company focused on the prolific gas basin which extends across the Southern North Sea to onshore Northern Europe building a broad and balanced portfolio through acquisition, farm-in and licence application. The company was launched in July 2008 with a $100 million equity commitment from Avista Capital Partners, the US based private equity investor. Hansa Hydrocarbons has built a portfolio of operated and non-operated projects across its area of focus and continues to seek further opportunities to grow the business.
Hansa Hydrocarbons is led by a core management team with a proven-track record of project delivery and value creation from technically and commercially challenging assets in both the North Sea and the international arena. Through leveraging our own rigorous technical work with a strong business focus and committed funding, management is confident in delivering competitive returns over the cycle. Key to our strategy is a mix of operated and non-operated projects; we have established the capacity to successfully and safely operate smaller developments but want the benefit of a wider portfolio without over-stretching our internal resources. As a joint venture partner, we hold material equity positions where we can justify dedicating resources to add-value through conducting proprietary work.
The company continues to progress its portfolio in a disciplined and diligent manner across its two core areas in the UK and the German/Dutch median line. A key milestone for the company will be first production from the Juliet field development (UK block 47/14b) which is scheduled to come on stream in Q4 2013. In May 2013 the first Juliet development well, 48/17b-G1, was successfully completed and cleaned up prior to suspending it ready for production.
Juliet flow test on clean up of well 48/17b-G1
The company is evaluating several opportunities for drilling in the Greater Juliet Area, including the appraisal of the Thoresby field. The award of the 4Quads in the Dutch North Sea in September 2012 has led from the company capitalising on its knowledge from the adjacent German H&L Blocks and pursuing a hitherto unrecognised high potential play extension. Large 3D seismic campaigns are being planned for both areas. Hansa Hydrocarbons is actively pursuing opportunities to add to these core areas through licence applications and farm-ins in the UK, Netherlands and Germany.
15-16 April 2013
Hansa Hydrocarbons CEO key speaker and chair of North Sea Oil & Gas SummitRead more...
12 November 2012
Hansa Hydrocarbons has success in UK 27th Licensing Round AwardsRead more...