The North Sea is reaching a level of maturity where discoveries are smaller and large scale infrastructure development projects are rare.

Notwithstanding this maturity, there are still a large number of discoveries and for the right company with the necessary expertise, a considerable  number of opportunities exist to acquire and develop assets by way of subsea tie back. In that respect DEO Petroleum plc is an oil company with the technical expertise to make a difference. We identify a potential asset, including looking at nearby assets and any infrastructure and carefully evaluate the opportunity. If we satisfy our investment criteria, we look to acquire the asset or a sizeable equity stake within it. From acquiring the asset through to production we will look to Operate the asset to deliver value to our company and our partners. As Operator we will seek to Design the right technical and commercial solution to bring the asset onto production. Then, working with our contractors, we will Execute the development project delivery from further appraisal or well completion, through subsea installation on to production in the quickest possible timeframe.