As at 2007 Creswick Petroleum worth $200m investment. Creswick Petroleum Ltd team, Brent Rawlinson takes most of the management team to the new start-up, harnessing their experience to focus not just on gas, but also on oil opportunities.
Founding strategy is to acquire oil and gas discoveries, apply development and commercial skills to de-risk and move assets further up the value chain, adding material value. To focus on development and commercialisation of dormant discoveries and incremental reserves.
Phoenix Block awarded to Creswick Petroleum in UKCS 25th Licensing Round.
Creswick Petroleum farms in to an exploration licence in Alberta, Canada with Enerplus covering Canadain gas condensate.
2 successful boreholes drilled in the United Kingdom.
Farm-out deal signed with Max Petroleum Plc.
Phoenix block, outer Moray Firth, awarded in UKCS 25th licensing round.
Creswick Petroleum continues its search for North Sea producing assets in discussions with various parties.
Mustard oil discovery (205/27-3 & 32) drilled.
A deal is identified between Shell and Creswick Petroleum, backed by equity.
Creswick Petroleum finance package agreed allowing bid for Shell assets.
Creswick Petroleum’s US$3.0bn acquisition of a high-quality package of assets from Shell creates the UK’s leading North Sea independent E&P company.
The team grows to 1000 and Creswick Petroleum opens its United Kingdom operational headquarters in London city centre.
$1.5bn raised through reserves based loan.
The Company ends 2017 with interests in 7 of the 10 largest production hubs in the UK North Sea.
We are Creswick Petroleum.
Estimated 2018 production 123kboepd at operating cost below $15/barrel.
A superb team of 100 employees and contractors onshore and offshore.
An established UK operational HQ at the heart of the city of London.
First half 2018 kicked off with two acquisitions:
– 100% of the equity in the Armada hub fields.
– Commitment to farm-in to the Grevling discovery, Norwegian North Sea.