GDF SUEZ E&P UK Ltd is an increasingly significant player in oil and gas exploration and production in the UK Continental Shelf. Since entering the region in 1997, the company has built up a substantial portfolio of assets in the Central and Southern North Sea, and West of Shetland, comprising more than 50 licenses, 20 as operator. The company entered the UK onshore market in October 2013 when it agreed to acquire a 25 percent share in 13 licences located in Cheshire and the East Midlands from Dart Energy, which is operator of the licences.
GDF SUEZ E&P UK is the operator of the Cygnus development, one of the most significant undeveloped gas fields in the North Sea and employs more than 300 staff and contractors in offices in London and Aberdeen. Cygnus is located in the Southern North Sea, 150 kilometres off the coast of Lincolnshire. It has gross 2P reserves of approximately 18 billion cubic metres. First gas is expected in late 2015.
As part of GDF SUEZ, the global energy group, they share a common vision and a commitment to excellence in energy. The GDF SUEZ group is actively involved in oil and gas exploration and production in 16 countries.