London based, private equity backed Petroceltic has rebranded itself, changing its name on 30 April, to Sunny Hill Energy. Petroceltic was taken over in 2016 by London-based, Cayman Islands-registered fund, Worldview Capital Management via the latter’s wholly-owned subsidiary Sunny Hill Ltd. (MEES, 8 April 2016).
The firm’s key asset is the 3.5bcm/y Ain Tsila project in Algeria, where start-up is scheduled for 2022 (MEES, 15 March). Its other North Africa assets are in Egypt where it produced 79.8mn cfd of gas from three concessions in the onshore Nile Delta in 2017. (CONTINUED - 106 WORDS)