Hansa Hydrocarbons
Description
Based in London, England, Hansa Hydrocarbons aims to grow a material high-value business from exploiting the remaining potential for gas across the prolific Permian Basin that extends from the Southern North Sea through onshore Northern Europe. This is at a time when there are real concerns over energy security given declining domestic production and tight global commodity markets. Within the context of the increasingly favorable market environment for smaller gas developments, the target portfolio will be primarily built from acquiring positions in existing undeveloped discoveries that require further appraisal prior to commercialization.
In July 2008, the companyreceived a $100 million funding commitment from Avista Capital Partners, a leading private equity firm, for the purpose of acquiring and developing oil and natural gas properties in the North Sea and Northern Europe.