Exclusive: North Sea newcomer targets deals after celebrating first oil
ByMark Lammey
The Ninian Central Platform
North Sea newcomer Decipher Energy has delivered first oil from the Orlando field less than two years after taking over the 10 million barrel project from a victim of the downturn.
Bosses at Decipher, founded in 2016, said Orlando was just the start for the Aberdeen firm as it presses ahead with a number of oilfield developments and hunts for acquisitions.
The business acquired an initial 75% of the field in April 2017 when it struck a deal with the administrators of Iona Energy, a Granite City firm which folded the previous year after failing to restructure its finances.
