Our exploration strategy
Our contribution to the energy transition is through finding more oil and gas in mature and prolific areas of the Norwegian Continental Shelf to maximise the utilisation of existing infrastructure in a sustainable way and create value for society.
With focus on early monetisation, we combine traditional exploration methods and new technologies with commercial acumen. We are able to take quick decisions by taking advantage of being a small, dedicated and dynamic exploration team.
We believe collaboration and being open is key to exploration success. Our creative business approach is based on building strong strategic alliances with our licence partners and technology providers. We will contribute to build strong licence partnerships – sharing knowledge openly and transparently. We aim to contribute to solutions through early and active engagement. All with the shared objective of creating value for the future.
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.