Address: Tordenskiolds gate 6B, 0160, Oslo
Tel: +47 23 13 99 50
Company descriptionSpring Energy Norway AS engages in the exploration, appraisal, and development of oil and gas opportunities on the Norwegian Continental Shelf. The company was founded in 2007 and is based in Oslo, Norway.
Products and servicesSpring Energy’s mission is to create value for all stakeholders through exploration, development and production of oil and gas. Its vision is to become a highly profitable E&P company founded on competence, sustainability and recognition. Spring Energy has a clear objective of maximising and returning value to shareholders by maintaining a focus on commercial exploration and appraisal opportunities as a key driver to deliver profitable growth. The Company’s long term strategy is to build an E&P company holding a risked balanced and attractive portfolio of licenses in the exploration, development and production phases. This will be achieved by:
Building a diversified portfolio of quality assets in the Norwegian Continental Shelf with significant upside potential.
Applying for attractive acreage in concession rounds as well as pro-active and selective participation in the asset transaction market.
Executing a commercially driven exploration strategy ensuring that where possible capital and resources are allocated to the opportunities of highest potential and value.
Actively managing the portfolio of assets and divesting of certain assets to provide capital for future funding of exploration, appraisal and development opportunities.
Maintaining capital efficiency through active balance sheet management.
Continuously investing in people, structure and systems to ensure safe and efficient work operations and minimise impacts on the environment.