Siccar Point completes sale of Jackdaw stake

Aberdeen oil firm Siccar Point Energy today completed the sale of a stake in the Jackdaw discovery in the central North Sea.

Siccar Point said Dutch firm Dyas had agreed to buy its 26% equity interest, allowing it to focus on its assets west of Shetland.

Jackdaw, located 150 miles east of Aberdeen, was discovered in 2005.

It is thought to be capable of producing more than 100million barrels of oil equivalent.

Shell holds the operatorship and a 74% stake in Jackdaw.

Siccar Point bought its 26% interest in Jackdaw from OMV in January 2017.

 

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