Bayerngas Norge

Bayerngas Norge AS was an oil and gas company with operations in several North-European countries. The company operated upstream with licenses in both Norwegian, Danish and British sectors. The company was established in 2006 and was owned by German, Austrian and Swiss local authorities. In December 2017, Bayerngas Norge was combined with the exploration & production business of Centrica plc to create a new independent oil and gas operator, Spirit Energy.[2]

Bayerngas Norge
TypePrivate
IndustryPetroleum
Founded2005
FounderBayerngas GmbH and partners[1]
Defunct2017
FateMerged into Spirit Energy
HeadquartersOslo, Norway
Key people
Florian Bieberbach (Chairman of the Board), Arne Westeng (Managing Director)

Operations

At the end of 2013 Bayerngas Norge had 68 licenses: 47 in Norway, 17 in the UK, and 4 in Denmark. Bayerngas Norge had five operatorships in Norway and one in the UK. The company aimed to participate in between five and ten exploration wells per year, preferably in frontier areas. Average daily production was estimated to be around 16,200 barrels of oil equivalent per day (boed) in 2013, which is equivalent to 10 TWh. On August 11, 2013, daily production reached 20,000 boed for the first time.

Owners

There were four shareholders of Bayerngas Norge AS. Bayerngas GmbH owned 19.90% while the company's biggest shareholder was SWM Gasbeteiligungs GmbH with 75.73%. The remaining shares were owned by Swissgas and TIGAS-Erdgas Tirol with 2.50% and 1.87%, respectively. These companies are owned by local authorities in Germany, Austria and Switzerland.

See also

References
  1. Bayerngas Norge. Shareholders Archived July 7, 2011, at the Wayback Machine
  2. "Home". spirit-energy.com.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.