Buyout sees Perenco North Sea partner HH LAPS become Everard Energy

  • Date: 07-May-2021
  • Source: Energy Voice
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

Buyout sees Perenco North Sea partner HH LAPS become Everard Energy

HH LAPS, a partner on Perenco assets in the Southern North Sea, has been rebranded as Everard Energy following a management buyout.

Its former parent, Hansa Hydrocarbons, was sold to Discover Exploration in 2018, but the UK business remained under the onwership of private equity player Avista Capital Partners.

Following a management buyout from Avista, HH Laps has now been renamed Everard Energy, helmed by CEO John Martin, a 30-year industry veteran who co-founded the original firm back in 2008.