Middle East

Private equity firms seek local investment in oilfields

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.  [11/01/15]


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