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Energy Ventures targets significant North Sea investment

Friday, October 18, 2013

Energy Ventures has announced its intentions to target more than $100million of investment funding in the North Sea region over the coming year.

The organization is actively to expand on a portfolio which currently includes 27 companies, including UK-based Intelligent Well Controls, Deep Casing Tools, Meta and Foster Findlay and Associates (ffA).

The firm has long praised the innovation being showcased in the oil and gas industry and believes it will provide a springboard for increasing the longevity of the North Sea.

Greg Herrera, Aberdeen-based partner of Energy Ventures, said: ''The mood in the sector this year has been positive and our recent experience at Offshore Europe and similar industry events has provided a very good barometer of that momentum as we plan for 2014.

''Investment levels in the oil and gas sector have been steady for a concerted period and we remain convinced of a strong forward market. These sentiments are supported by Pareto, who, at their recent energy conference, set out a premise that oil prices are too low and the market is in need of increased investment activity to address the complex challenges that arise.''

Energy Ventures was founded on the belief that commercialisation of marketable technology companies that provide solutions to long-term oilfield challenges is the key to improving declining production levels and boosting further re-investment into the North Sea.

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