Hansa Hydrocarbons is an E&P company focused on the prolific gas basin which extends across the Southern North Sea to onshore Northern Europe, concentrating on the development of appraisal opportunities.  The company was launched in July 2008 with a $100 million equity commitment from Avista Capital Partners, the private equity firm.  Hansa Hydrocarbons has built a portfolio of operated and non-operated projects in the UK and German Southern North Sea and continues to seek further opportunities to grow the portfolio through acquisition and licence awards. 

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 vision 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.

Hansa Hydrocarbons is progressing with the development of its operated Thoresby field (UK block 48/16b).  In September 2010, we completed the acquisition of a 19% interest in the Juliet field development (UK block 47/14b), and we continue to actively evaluate the potential of our 20% interest in our large German offshore acreage (B20008/71 Licence) following the drilling of appraisal well L1-2

Hansa Hydrocarbons is progressing with the appraisal and development planning of its operated Thoresby field (UK block 48/16b).  In September 2010, we completed the acquisition of a 19% interest in the Juliet field development (UK block 47/14b) and in December 2011 we built on this position by acquiring an equal interest in two adjacent exploration blocks.  Following the drilling of appraisal well L1-2 in 2010 on our large German offshore acreage (B20008/71 Licence), the post-well evaluation has resulted in increased resource potential across the area which supports further appraisal activity.