”We have ambitious growth plans and are well positioned to make further acquisitions with a combination of debt, cash generated from the business, and equity, which HitecVision is committed to providing in order to secure appropriate investment opportunities.“

Colin Christie, Finance Director

Operatorship is strategically important to Verus and we will seek to operate where we believe doing so will unlock the value we see in an asset, and where there is an opportunity for us to maximise its potential.

We see operatorship as a natural evolution in the expansion of our capability and a key step toward becoming a full-cycle exploration and production company that creates value through reinvestment.

Backed by HitecVision, Europe’s leading upstream private equity investor, Verus has a solid capital base and a robust foundation for further growth.

Further acquisitions will be funded by a combination of cash generated from the business, debt and equity which HitecVision is committed to providing in order to secure appropriate investment opportunities that are aligned with our strategy.

In 2018 we made significant progress toward delivering our strategy

  • Acquired a 17% interest in the Alba oil field, adding approximately 2,700 boepd to our daily production.

  • Acquired a 47% interest in the Babbage gas field, adding approximately 2,400 boepd to our daily production.

  • Acquired Cieco Exploration & Production (UK) Limited, adding approximately 11,000 boepd to our daily production

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Our Operations

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Our People

Verus Petroleum Vision

Our Vision