Third Energy Onshore Ltd is a UK company involved in oil and gas exploration, including proposals for fracking operations in Kirby Misperton, North Yorkshire.
The company was incorporated as Viking Petroleum UK Ltd in October 2003.[1] In December 2003, it acquired a 40% holding in the Ryedale gas fields in North Yorkshire from Edinburgh Oil and Gas plc.[2] In October 2013, Viking acquired Tullow Oil's 60% share in onshore oil interests relating to the North Yorkshire gas fields and operation of the gas-fired Knapton Power Station in October 2013[3] (Knapton is supplied by gas wells in the Kirby Misperton area).[4] Viking changed its name to Third Energy Onshore in October 2013.[1]
Third Energy Onshore was 97% owned by Barclays' private equity division, Barclays Natural Resource Investments;[5] its ultimate parent company, Third Energy Holdings, is based in the Cayman Islands.[6] Sister company Third Energy Offshore was acquired from Third Energy Holdings by Hague and London Oil plc in September 2018,[7] with the deal formally approved in December 2018.[8]
In October 2018, owner Barclays was reported to be considering selling Third Energy Onshore rather than invest a further £5m to make the Kirby Misperton fracking site fully functional in the next 12 months.[9] In March 2019, financial adviser Lazard was reported to be talking to rival energy companies about investing in or acquiring Third Energy Onshore's business.[10] In July 2019, Third Energy Onshore and two sister companies were sold to York Energy, a subsidiary of US-owned Alpha Energy.[11][12]
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