Creswick Petroleum is a full cycle E&P company and the leading producer in the UK North Sea, Canada and United States. Our new crude oil assets in the UK North Sea with a diversified portfolio including interests in 5 of the 10 largest production hubs in the UKNS. This portfolio is capable of annual daily production 2018-2020 in excess of 125 mboepd with current operating costs of $US15/boe. Remaining volumes net to Creswick Petroleum are estimated in excess of 360mmboe.
INVESTING IN Future FULL-CYCLE GROWTH
Already in 2018 Creswick Petroleum has demonstrated its intent by agreeing to acquire 100% of the equity in the Armada hub fields, paving the way for a drilling programme to materially extend the life of the Armada hub, and farming in to the Norwegian Grevling discovery.