Two firms to help GCC investors in oilfield projects
January 10, 2015 | 12:00 AM

Muscat: Samurai International Petroleum (Sipco) and Greenstone Equity Partners have joined forces in the Gulf Cooperation Council (GCC) region to meet rising investor demand for global investment opportunities in offshore oil projects.

Greenstone Equity Partners, a Dubai-based and internationally experienced fund placement company, will collaborate with US-based Sipco, to enable them to develop new relationships with GCC-based investors in the region to raise capital for two major oil field projects located in the Gulf of Mexico.

"We are excited to introduce two large deepwater assets — one currently producing and one Greenfield development — to Middle East investors. Both already have significant proven reserves and are expected to be of the standard that yields the best pricing in the crude oil market. The producing asset is particularly exciting given its large size and return profile," said Alex Gemici, chief executive officer of Greenstone Equity Partners.

"Investors in the GCC have long had a unique relationship and unprecedented success with the oil and gas industry, and there is increasingly high demand for global investment opportunities such as this," he said.
"We selected Sipco as its team is renowned for quality and innovation, with a strong history of success delivering green-field initiatives and developments in the Gulf of Mexico as well as remote or difficult locations around the globe," added Gemici.

"Sipco is pleased to be collaborating with Greenstone Equity Partners as a recognised fund placement firm to help bring two world-class oil field investment offerings to the GCC region," said Luke Jensen, new business development manager of Sipco.

"Our management team has past experience working on the technical aspects of oilfields in the Middle East, and we see our current assets as a prime opportunity for investors in the region to participate in United States offshore projects. Sipco brings with it deep water oil field development and production optimisation expertise, in addition to proven technology, to deliver and maximise the value of and returns from these fields," added Jensen.

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