Barclays Capital helps create oil and gas development company
Barclays Capital’s natural resource investments team has partnered with Richard Hall and Rory Edwards to create an oil and gas development company, Nio Petroleum, which will focus on undeveloped discoveries, marginal fields and late-life assets in South East Asia.
Hall and Edwards’ 25 years of experience includes the formulation and execution of a number of value enhancing schemes in the North Sea and offshore South East Asia, which have enabled the monetisation of small fields or extended the life of mature fields.
Nio Petroleum is seeking to acquire undeveloped discoveries or mature late life assets to add value through the use of existing and new technologies.
Hall, chief executive of Nio, says: “Given our extensive experience in oil and gas development, particularly in South East Asia, we believe that there is real upside we can add to both national and independent oil company partners in the region.”
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