London
London
Cyprus
Turkenistan
+44 207 010 9200 info@buriedhill.com4th Floor, Wellington House, 125 Strand London, WC2R 0AP
info@buriedhill.comBuried Hill Energy (Cyprus) Public Company Limited, 8th Floor Nicosia Tower Centre, 36 Byron Avenue, PO Box 21341, 1506 Nicosia
info@buriedhill.comBuried Hill Serdar Limited, 15/1 Mollanepes Street, Ashgabat

Strategy

Build a substantial E&P business based on the Caspian and Central Asian region

Commercialise a world-class oil field

 

The core strategy of Buried Hill is to deliver the successful development of the Serdar oil field.

Although a 2D seismic survey was shot in 2008 and partial 3D seismic survey in 2012, operations in the Block III contract area have not been possible since then due to a boundary dispute with the Republic of Azerbaijan which will require a political agreement for appraisal and development activities to proceed. The Company is encouraged by the strengthening of regional relations and in particular the strategic partnership declared by the Presidents of Turkmenistan and Azerbaijan in August 2017. In addition, the Caspian Convention signed in August 2018 by the five Caspian littoral states is a significant diplomatic breakthrough and represents a major achievement following more than 20 years of negotiations.

Buried Hill is hopeful that operations can recommence in the near future and stands ready to proceed quickly when resolution is achieved. Buried Hill is financed through to first production from the field.

Leverage core asset to build a broader portfolio

The company also seeks to leverage its current asset and position in Turkmenistan to build a substantial E&P business. The Company actively screens and evaluates new opportunities in the Caspian and Central Asia region, close to its existing core asset and seeks to build on the relationships it already has in these areas.

Create value and liquidity opportunities for shareholders

By delivering on its strategy, Buried Hill seeks to create significant value for shareholders. Although the Company is currently unlisted, it is committed to support liquidity opportunities for investors to coincide with achievement of operational and other key milestones.

Buried Hill Energy is an independent oil and gas company developing a
world-class oil field in the Caspian Sea