Objective: North Sea a Key oil/gas province for years to come
The Pan North Sea (Denmark, Norway, UK and Netherlands) is still the 4th largest producing province in the global oil and gas league. Asian/European oil and gas companies are now investing billions of dollars in new acquisitions and new development in the new North Sea revival. Will Denmark be part of this new economic miracle?
When an Asian or European oil company compares the North Sea relative to the volatility and violence in the Middle East, the increasing protectionism in the USA, or the Resource Nationalism of many oil/gas producing countries, what does it think? We hope it sees that the North Sea is a safe and welcoming place in which to invest. However the key factor now is to prove to these Industry investors that a stable and supportive political/regulatory framework can further unleash human ingenuity and advanced technology in the Pan North Sea and Danish Industry. These factors could then unlock huge new oil/gas reserves, both in new undrilled rocks and in existing producing reservoirs, thereby maximizing the National return on the huge embedded infrastructural investments of the last 40 years.
Philip Lambert is Chief Executive Officer of Lambert Energy Advisory Ltd (LEA), which is one of London’s leading M&A and Strategic Advisory firms dedicated solely to advising the Global Energy sector.
LEA was founded in 1999 and is headquartered in Mayfair, London. LEA also has senior representation in Kuala Lumpur, Moscow and Oslo. LEA gives strategic and M&A advice to a select group of the world’s leading NOC’s, IOC’s, Independents and Utilities on their strategic direction and subsequent M&A initiatives.
Recent transactions, on which Lambert Energy Advisory has been a Named Advisor, include acting for BP on its $28 billion deal in Russia (whereby BP has become c. 20% shareholder in Rosneft), acting for Statoil on its $1.8 billion sale / asset swap in Norway with Wintershall, and acting for Melrose Resources plc on its $500 million North African merger with Petroceltic.
Prior to 1999, Philip was head of Dresdner Kleinwort’s Global Energy Investment Banking team. In the 90’s his work was mainly focused on Privatisation mandates in the Global Energy sector, inter alia, in Russia (Gazprom, Tatneft), Hungary (MOL), Spain (Repsol, Enagas), Poland (PKN), etc.
He is married with three children and, outside oil and gas, his main passion is composing piano music.