Mercuria provides Tailwind with equity and structured financing facilities for acquisitions and joint venture obligations.
Petrofac provides Tailwind with technical expertise and the capability for operating North Sea assets.
Mercuria is a top 5 global commodities merchant with a strong focus on oil and gas. Mercuria, established in 2004, has achieved rapid growth and investment expansion, with 1,000+ employees, presence in 50 countries, $100+ billion in revenue, and 5+ mmboepd in energy traded.
Investment Partner to Tailwind
Mercuria provides Tailwind with structured financing solutions.
Commercial Partner to Tailwind
Mercuria also provides:
- Marketing: hydrocarbon offtake marketed via global trading desks, including working capital solutions;
- Risk Management: solutions via hedging programmes and access to markets.
Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio and strong track record of operating in the UKCS. Through its Engineering & Production Services business, Petrofac provides life of asset service capabilities supporting International, Independent and New Entrant clients to optimise value from their oil and gas assets – from project start-up all the way through to the late life and decommissioning phases.
Technical Partner to Tailwind
Through our strategic partnership we gain access to Petrofac’s capability and their support to manage our assets:
- Tailwind: Subsurface Management, Commercial and Opportunity Identification / Maturation;
- Petrofac: Duty Holder, Operations, Asset Integrity, Supply Chain, Project/Well Execution, Decommissioning.
Operator for Tailwind
Petrofac is the Well Operator on behalf of Tailwind for the Gannet E and Belinda/Evelyn Fields.