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Svenska Petroleum

Norway

Address: Strandveien 35, Lysaker  

Tel: +47 21 50 84 00

Web: http://www.spe.se/

Company description

Svenska Petroleum, a Swedish company, is a subsidiary of Petroswede, which is in turn owned by Sheikh Mohammed H. Al-Amoudi, one of the largest private investors in Sweden. They have extensive experience in West Africa, where most of their assets are based. The company has shifted its focus in Norway to exploration – a specialisation that Svenksa prides itself on. They believe that although the risks in exploration can be higher, the rewards make the adventure worthwhile. They believe their prospects are good on the Norwegian Continental Shelf: they have two wells coming on stream in 2009, and are expecting great things from them. Svenska is looking to grow their operation in Norway in the years to come, and hope that their reputation as skilled innovative, and fiscally sound explorers will help them to achieve this.

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