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Star Energy

Star Energy
Type Wholly owned subsidiary of Petronas International Corporation Ltd
Industry Petroleum exploration
Founded 1999
Headquarters Grand Buildings, 1-3 Strand, London, WC2N 5EJ
Area served UK, Holland
Key people Roland Wessel (Chief Executive)
Products Oil
Website Star Energy

Star Energy was a British onshore oil exploration company until acquired by IGas Energy in December 2011

Contents

  • History 1
  • Structure 2
    • Divisions 2.1
  • References 3
  • External links 4

History

It was formed in October essentially as a management-buyout of operations in the Weald Basin, acquired from Soco International. The buyout was funded by European Acquisition Capital.

In June 2000, it expanded when it acquired the assets of Roc Oil in the East Midlands Oil Province.

In May 2004 it became a public company, listed on the Alternative Investment Market (AIM). In August 2005, it bought Pentex Oil, and increased its portfolio greatly in the East Midlands. These fields are based near Welton, Lincolnshire at Reepham, near its railway station.

In November 2005 it opened its first gas storage facility at the depleted Humbly Grove oil field, near Lasham in Hampshire. On 7 March 2008, it de-listed from the AIM stock market, becoming subsidiary of Petronas.

In April 2009 it bought Marathon Oil Ireland Ltd. In December 2011 it was acquired by Igas.

Structure

It is based on the Strand (A4), between Nelson's Column and Charing Cross station in the City of Westminster.

Divisions

Star Energy Group Ltd is the main company based in London, but it also has nine other smaller companies which house its operations, which include

References

External links

  • IGas
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