Agile exploration strategy
We believe in creating value through innovative and cost-efficient exploration by challenging underexplored play models and discovering more resources in near-field core areas on the Norwegian continental shelf. With focus on early monetization, we combine traditional exploration methods with new AI and machine learning technologies. We take advantage of being a young, lean and data driven exploration team, free from established “truths”, motivated by strong and innovation focused management.
Our creative business approach is based on building strong strategic alliances with our license partners and technology companies. We aim to change the traditional license partnership model from an organization consisting of different partners to one collaborative team — sharing openly and transparently instead of selectively. All with the shared objective of creating more value for the next generation.
Our strategy is two-pronged
Exploration: early monetization through near-field exploration in core areas, unlocking potential high value uplift with lowest possible capex requirements
Production: gain production assets (and cash flow) and contribute to increased recovery by reducing costs and applying new technology
The common denominator for both the exploration and production approach is active portfolio management designed to create value for the company’s shareholders.