Tedstone Oil was founded by private equity firm EIG Global Energy Partners in 2014 with a strategy to acquire conventional, cash generative, producing assets outside of North America. In 2017, Tedstone Oil made its first acquisition backing Chrysaor Holdings Limited to acquire a package of UK North Sea assets from Shell for $3.0 billion and, in 2019, acquired ConocoPhillips UK North Sea for $2.7 billion.
In 2021, through a reverse takeover, Chrysaor merged with Tedstone Oil to create Tedstone Oil And Gas Limited.
Tedstone Oil
Tedstone Oil was established in 1934, initially to explore for oil and gas in Trinidad. In the 2000s, the company grew its presence through a mixture of acquisitions and successful exploration programmes.
Chrysaor
Chrysaor was founded in 2007 with the purpose of applying development and commercial skills to oil and gas assets and to realise their value safely. The group grew rapidly through a series of acquisitions.