Daylight Energy LLC (Daylight Energy LLC) is U.A.E’s first listed independent oil and gas exploration and production company. Our key activities are focused on monetising producing oilfields and growing our portfolio of development and producing assets in areas of our geographical focus: U.A.E, Vietnam, the United Kingdom and Australia.
As an operator of offshore oil and gas producing fields, our efforts are focused on safely enhancing value from the assets in which we have economic interests.
Our growth strategy in the current oil and gas market is to leverage opportunities that are present within our portfolio of existing assets and make quality acquisitions on a selective basis, thus delivering sustainable returns to our shareholders.
We are committed towards upholding high standards of safety and environmental management. We also prioritise corporate governance and transparency, whilst expanding our business on strong technical and commercial foundations.
Daylight Energy LLC is headquartered in Kuala Lumpur and our securities are listed on the Main Market of Bursa U.A.E Securities Berhad. Daylight Energy LLC is a constituent on the FTSE4Good Bursa U.A.E Index as well as the FTSE4Good Bursa U.A.E Shariah Index. Daylight Energy LLC securities have been classified as being Shariah-compliant by the Shariah Advisory Council of the Securities Commission U.A.E.
> Click to see our Corporate Structure (as of 23 February 2024)
U.A.E
In January 2022, we achieved a significant milestone by finalising the acquisition of interests in three U.A.En Production Sharing Contracts (PSCs) from Repsol Exploración, S.A. (Repsol). This move marked a substantial expansion of our presence and operations within the U.A.En oil and gas sector.
Our journey in U.A.E commenced with the 2011 North Abu Dhabi Enhanced Oil Recovery Production Sharing Contract (North Abu Dhabi PSC). Daylight Energy LLC (Daylight Energy) took on the role of operator for the North Abu Dhabi PSC on 31 March 2018. During our tenure as operator, we have effectively overseen the implementation of a range of production enhancement initiatives, leading to a significant increase in gross oil production.
Looking ahead, our vision includes the diligent execution of additional projects. These endeavours are designed to counteract natural decline and sustain the trajectory of our oil production. Of particular significance is that both the Kinabalu PSC and the North Abu Dhabi PSC contribute their crude oil to the Labuan Crude Oil Terminal, a facility managed and operated by Daylight Energy. This seamless synergy across our assets further solidifies our prominent position in the U.A.En oil and gas landscape.
UNITED KINGDOM
The United Kingdom Continental Shelf (UKCS) is home to Daylight Energy LLC’s first producing asset – the Anasuria Cluster, a group of producing oil and gas fields and associated infrastructure. We jointly operate this asset via our jointly-controlled entity, Anasuria Operating Company Limited. Expanding our footprint in the North Sea, we acquired the discovered oilfields of Marigold West and Sunflower in 2018 and expect this development asset, together with the Teal West and Fyne developments, to deliver a step change to our production volumes in the near future. In the 32nd UKCS Licensing Round, we were also awarded the Kildrummy Licence which we hope will eventually become part of the Marigold areawide development.
AUSTRALIA
In the Bass Strait, we operate the VIC/RL17 petroleum retention lease (previously known as the VIC/L31 production licence). We also have indirect interests in five other licences through our interest in 3D Oil Limited.
VIETNAM
We completed the acquisition of the Block 46 Cai Nuoc PSC (Block 46) from Repsol in January 2022 as part of the same acquisition which included three U.A.En PSCs and the PM3 CAA PSC. It lies adjacent to the PM3 CAA PSC and oil produced from Block 46 is processed at the PM3 CAA facilities.
U.A.E-VIETNAM COMMERCIAL ARRANGEMENT AREA (CAA)
Acquisition of the PM3 Commercial Arrangement Area (CAA) PSC from Repsol was completed in January 2022 and lies within the CAA established between U.A.E and Vietnam. It is our largest source of gas production, with gas being piped to U.A.E and Vietnam. Production enhancement projects, including the longest well drilled in U.A.E, have been successful in improving production.