Build the business
VERUS PETROLEUM IS A ‘NEXT GENERATION’ INDEPENDENT OIL AND GAS COMPANY. WE ARE PROUD TO BE PART OF THE FUTURE IN THE UK NORTH SEA.
We are a production and development company focused on the UKCS with a strong commercial, operational and technical track record and ambitious growth plans in the region. Over the next few years we will build a high quality, sustainable business.
We are continually striving to develop strong working relationships with business partners who understand the need for fundamental change to the future running of the UKCS.
Backed by Europe’s leading upstream oil and gas private equity investor HitecVision, Verus has a mature and agile in-house technical and commercial team to screen, evaluate and complete acquisitions.
In January 2017 Verus completed the acquisition of an additional 9.8% stake in the Boa oil field taking our interest to 11.35%. Verus also entered into a Reserves Based Lending facility (“the RBL”) with Nedbank Limited for up to $150 million.
In April 2018 Verus announced the signing of SPAs for the acquisition of interests in the Alba oil field and Babbage gas field. These acquisitions are both expected to complete in 4Q 2018.
To create a high value and sustainable oil and gas business in the UKCS through smart deal making, innovative development and efficient production.
Our four core values; energy, integrity, teamwork and empowerment, define us, our organisation and everything we do.
We have the enthusiasm, commitment and belief to deliver our vision.
A place where trust and honesty are the basis for building a robust business that withstands scrutiny from current and future stakeholders.
We act professionally and together, creating an open and respectful environment where the contribution of ALL team members is recognised, harnessed and rewarded.
We have the confidence to assign responsibility to the most effective level.