Who we are
Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.
Led by an experienced management team with a successful track record of value creation, Kistos’ strategy is built around the pursuit of growth through strategic M&A, and prioritising operational excellence to accelerate organic development opportunities.
Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.
Central to our approach is operating with industry-leading sustainability and social responsibility credentials.
8.4 kboepd
Net daily production
27.9 mmboe
Net 2P reserves
67.5 mmboe
Net 2C resources
Chairman’s Introduction
Since we founded Kistos in 2020, we have remained focused on finding new opportunities through strategic M&A, delivering a transaction every year since inception, whilst capitalizing on near-term development opportunities within our portfolio. Through the ongoing implementation of this strategy, our experienced management team is building on its track record of delivering significant returns for shareholders.
Andrew Austin
What we do
People
- 51 employees across three countries
Natural resources
- 27.9 mmboe proved and probable (2P) reserves (end 2023)
- 67.5 mmboe contingent resources (2C)
Financial resources
- €195 million of cash at end 2023
- €638 million capital employed (total assets less current liabilities)
- €119 million cash capital expenditure
Tangible assets
- 37 producing wells and associated infrastructure
- 20% interest in the Shetland Gas Plant
- 10% share in the Jotun FPSO
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Identify and explore
We seek to identify natural gas and oil fields through acquisition or exploration, and other opportunities in the energy and transition space.
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Drill and develop
We drill appraisal wells to assess the viability of oil and natural gas discoveries, and develop the infrastructure and assets needed for viable commercial production.
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Extraction
We progress development assets into oil and gas production from our operated licences in a safe, responsible and sustainable manner.
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Transport and trading
We transport natural gas produced offshore the Netherlands and the UK to shore where it is sold, while oil produced from our interests in Norway is exported via shuttle tanker to refineries predominantly in Europe.
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Sale
Our gas production in the UK and the Netherlands is sold domestically, enhancing energy security for both countries.
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Gas Storage
We provide a way to future-proof our business as domestic power generation becomes more volatile with the growing input of renewables
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Use
Our produced gas is used by industrial and other commercial companies, utility and other power generation businesses, and by residential customers. Produced oil is refined into various components including gasoline, diesel and fuel oil used by both individuals and businesses.
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Partnerships
We support our joint ventures by bringing fresh ideas and nimble decision making to joint ventures which include majors.
