Home: April 2007 › Increasing reserves
30/04/2007 | Channel:
Technology, Exploration & Production
3i has announced that it has committed $250m to Delta Hydrocarbons as part of its US$1 billion fundraising.
Delta is an innovative venture dedicated to capitalise on current industry
dynamics in the international upstream oil and gas (E&P) business. Delta has been founded by a highly experienced management team led by Walter van de Vijver, ex-CEO of Shell Exploration & Production, and Maarten Scholten, previously head of Schlumberger’s Mergers & Acquisitions team, joined by Jeri Eagan as CFO and Frederik Rijkens as project director.
With thousands of oil and gas fields around the world producing less than their potential, Delta will collaborate with both National Oil Companies (NOCs) and international oil companies (IOCs) to enhance the production of mature oil and gas fields.