“Kistos” (Greek) is a genus of flowering plants in the rockrose family “Cistaceae”, containing about 20 species (Ellul et al. 2002). They are perennial shrubs found on dry or rocky soils. The hardy nature of the Kistos genus is reflective of the business’s principles, investing policy and strategy.
The company was founded by the former Rockrose Energy team, which was successfully sold to Viaro Energy in 2020. Kistos was established in October 2020 as an energy company focussed on building a balanced, long-term portfolio with high-quality production and development assets, energy storage infrastructure and energy generation projects, along with industry-leading carbon footprint credentials.
Kistos listed on the AIM market of the London Stock Exchange in November 2020 before shortly announcing the acquisition of Tulip Oil Netherlands BV and its subsidiary, Tulip Oil Netherlands Offshore BV. Kistos completed the acquisition of Tulip Oil in April 2021 and transitioned from being an investing company to an operating business. Tulip’s subsidiaries were subsequently renamed Kistos NL1 and Kistos NL2, respectively.
In July 2022, Kistos completed the acquisition from TotalEnergies of interests in the Greater Laggan Area in the UK North Sea, a group of production and development assets. These comprise: the producing Laggan, Tormore, Edradour, and Glenlivet gas fields; the undeveloped Glendronach gas field; Block 206/4a, which contains the highly prospective Benriach prospect; and the Shetland Gas Plant, where natural gas extracted from the Central North Sea is processed prior to export to the St. Fergus Gas Terminal.