L1 Energy

L1 Energy is an oil and gas investment company controlled by the Russian billionaire Mikhail Fridman, through Alfa Group, and chaired by Lord Browne.

L1 Energy
IndustryOil and gas
Founded2015
Headquarters,
England
Key people
Lord Browne, executive chairman
Websitewww.letterone.com/about-us

On 2 March 2015, it was announced that Lord Browne was the executive chairman, and would be renouncing his other roles to build a major new oil and gas company from scratch.[1]

L1 Energy will run DEA AG, the purchase of which was announced in March 2014 that DEA for €5.1 billion. L1 Energy will seek to build a global oil and gas company through the acquisition of platforms in Europe, North America and South East Asia.[2]

Advisory board

As of August 2023:[3]

  • Lord Davies of Abersoch, Non-Executive Chairman
  • Jonathan Muir, Chief Executive
  • Franz Humer Non-Executive Director
  • Richard Burt, Non-Executive Director
  • Wulf von Schimmelmann, Non-Executive Director
  • Vitalij Farafonov, Chief Operating Officer

References

  1. Reed, Stanley (2 March 2015). "Russian Energy Deal Comes at Contentious Time". New York Times. Retrieved 8 March 2015.
  2. Macalister, Terry (8 March 2015). "Ex-BP boss aims to build major energy industry player from scratch". The Guardian. Retrieved 8 March 2015.
  3. "Our Board". www.letterone.com. Retrieved 7 July 2023.
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