Move to raise capital for two major oilfield projects
located in the Gulf of Mexico.
Greenstone, Sipco partner for oil investment
MANAMA, January 11, 2015
US-based Samurai International Petroleum, (Sipco) and Dubai’s Greenstone Equity Partners have joined forces in the GCC region to meet rising investor demand for global investment opportunities in offshore oil projects.
Greenstone Equity Partners, a Dubai-based and internationally experienced fund placement firm, will collaborate with US-based Sipco, to enable them to develop new relationships with GCC-based investors in the region to raise capital for two major oilfield projects located in the Gulf of Mexico, reported the Gulf Daily News, our sister publication.
'We are excited to introduce two large deep water assets '“ one currently producing and one greenfield development '“ to Middle East investors,' Greenstone Equity Partners chief executive Alex Gemici said.
'Both already have significant proven reserves and are expected to be of the standard that yields the best pricing in the crude oil market.
'The producing asset is particularly exciting given its large size and return profile.
'Investors in the GCC have long had a unique relationship and unprecedented success with the oil and gas industry, and there is increasingly high demand for global investment opportunities such as this.'
'We selected Sipco as its team is renowned for quality and innovation, with a strong history of success delivering greenfield initiatives and developments in the Gulf of Mexico as well as remote or difficult locations around the globe,' he added.
'Sipco is pleased to be collaborating with Greenstone Equity Partners as a recognised fund placement firm to help bring two world-class oilfield investment offerings to the GCC region,' Sipco new business development manager Luke Jensen said.
'Our management team has past experience working on technical aspects of oilfields in the Middle East, and we see our current assets as a prime opportunity for investors in the region to participate in US offshore projects.
'Sipco brings with us deep-water oilfield development and production optimisation expertise, in addition to proven technology, to deliver and maximise the value of and returns from these fields,' he added. – TradeArabia News Service