| The Republic's sovereign wealth fund, GIC, is investing in a new North Sea oil-and-gas exploration and production company, Siccar Point Energy Limited. Affiliates of heavyweights - Blue Water Energy and Blackstone Energy Partners - are pumping in an initial investment of up to US$500 million in the new firm, making it one of the largest ever private equity investments in North Sea oil.
The deal includes funding from GIC, which is investing alongside Blue Water Energy. Scotland-based Siccar Point Energy will participate across the full value chain, from exploration through to production...............................................Full Article: Source
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