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May 06, 2015 3:47 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Centrica Energy Operations Limited

Company Overview

Centrica Energy Operations Limited finds, generates, buys, and trades energy in the United Kingdom and internationally. Its activities include upstream gas production and exploration, electricity generation, renewable asset operations, wholesale and industrial gas sales, and energy procurement optimization and scheduling. The company’s operations also include energy trading and energy contracts. It serves residential and business customers in the United Kingdom and Europe. Centrica Energy Operations Ltd. was incorporated in 2001 and is based in Windsor, United Kingdom. Centrica Energy Operations Ltd. operates as a subsidiary of Centrica plc.

Maidenhead Road

Millstream

Windsor,  SL4 5GD

United Kingdom

Founded in 2001

Phone:

44 1753 494 000

Fax:

44 8450 728 001

Key Executives for Centrica Energy Operations Limited

Chief Executive Officer of Direct Energy and President of Direct Energy
Managing Director of International Upstream
Age: 54
Managing Director of International Downstream and Director
Age: 50
Interim Managing Director of British Gas
Age: 55
General Counsel
Compensation as of Fiscal Year 2014.

Centrica Energy Operations Limited Key Developments

Centrica Energy Extends its Contract for the Hummingbird Spirit Until March 2016

Centrica Energy has announced that it will extend its contract for the Hummingbird Spirit until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on Centrica Energy’s Chestnut field in the Central North Sea since 2008 and has already produced over 13 million barrels of oil. The Chestnut field, located 200 km north-east of Aberdeen, is currently producing around 7,000 barrels per day. The field was initially expected to produce around seven million barrels of oil over three years. However, work undertaken by Centrica Energy means that the Chestnut field is now expected to produce significantly more, with recoverable reserves estimated to be around 18 million barrels. This has included developing a water injection side-track well, sustaining high production efficiency and maintaining a strong working relationship with Teekay, the Duty Holder Wood Group PSN and partners.

Centrica Energy Announces Unaudited Earnings Results for the First Half Ended June 30, 2013

Centrica Energy announced unaudited earnings results for the first half ended June 30, 2013. Adjusted operating profit was £802 million compared to £693 million a year ago.

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