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HitechVision

Company Summary

Description

HitecVision is a leading provider of institutional capital to the North Sea region's energy industry, providing financing solutions for companies and projects within natural gas and oil production, midstream and infrastructure. HitecVision has been investing in the North Sea region for more than three decades, and the firm’s sector expertise and structuring capabilities permits us to build companies that combine capital preservation with equity return upside potential.

Website

https://www.hitecvision.com/about-us

Recent news

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  • 2/24/2021 - Exxon Selling Non-Op UK... (subscriber access)
  • 7/10/2019 - Total Sells its British... (subscriber access)

Company Transactions

Date: 6/30/2021
Type: Acquisition

BUYERS:
  • HitechVision
    • SELLERS:
  • ExxonMobil Corporation
    • DETAILS:

    COST: 1 $B

    VOLUMES: 38 M Bbls/d

    NOTES:
    Exxon has entered into a deal with HitecVision to divest its non-operated United Kingdom central and Northern North Sea assets. The sales prices will surpass $1 billion and has $300 million in potential upside contingent payments that depend on commodity prices. The deal includes ownership interest across 14 fields that produced 38 Mboe/d in 2019, net to Exxon.
    REGIONS:
  • North Sea
  • Europe

    • Date: 12/30/2019
    Type: Acquisition

    BUYERS:
  • PetroGas Company
  • HitechVision
    • SELLERS:
  • TotalEnergies
    • DETAILS:

    COST: 635 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    Total sold its British North Sea oilfields to private equity fund HitecVision and Petrogas for $635 million.
    REGIONS:
  • North Sea