Sustainable resource
development

Norway has one of the highest
recovery rates in the world

10.89 MMbbls
Net 2P reserves

4.9 Bnbbls
Net unrisked mean
prospective resources

Minimal environmental impact

Political neutrality of the U.A.E. and Norwegian flags

As of 30 August 2019, African Petroleum Corporation Limited and PetroNor E&P Ltd have combined under a new company, PetroNor E&P Limited. The name change to PetroNor E&P Limited has been registered and the Company started trading under its new name and ticker (PNOR) as of 12 September 2019.

Todays Share Price

More information

Press Releases

More press releases

Company Presentation

Download file

EU Exempted Document

Download file

Mission: 

Full cycle, Sub Sahara oriented E&P company focused on growing production and reserves by leveraging existing assets to capitalise on new venture opportunities combined with targeted high impact exploration.

With strategic and long term shareholders from Abu Dhabi and Norway, PetroNor E&P will look to capitalise on the industry experience and government relations in these jurisdictions.

Petronor E&P will aim to steadily build and increase its reserve base while using free cash flow to pursue defined exploration targets in selected and highly prospective basins with a view to delivering significant value to its shareholders from high impact wells.

The Board aims to build a substantial oil and gas company within three years with a target reserves base of 300 mmboe and production of 30,000 barrels of oil equivalent per day.

About: 

PetroNor E&P listed on the Oslo Axess (PNOR), is an independent oil and gas exploration and production company led by an experienced Board and management team, with substantial experience in oil and gas exploration, appraisal, development and production. The Company is present in West Africa holding 2P reserves of approximately 10.89 MMbbls and an average production of 2,300 bopd.

What makes us different

Technology

Long term local partnerships

Sustainability

Share experience & technology


  • Farm-in agreement for the Causeway oil field in the UK

  • Asset purchase in the Czech Republic, Tanzania and Australia

  • Management buy-out of the reservoir group in PGS, Norway

2005

  • Spudded Causeway exploration well

2006

  • Drilling campaign in Causeway

  • Entered into agreements with Premier Oil Plc to form two new joint venture companies to pursue the acquisition of upstream oil and gas assets across the Middle East and North Africa (JV dissolved in 2017)

2007

  • Established Premco BV to identify, acquire, and operate oil and gas assets within the MENA region (excluding the UAE) and Pakistan

  • Established Premco Energy Projects to pursue E&P opportunities within the UAE (both dissolved in 2017)

2008

  • Management founding Hemla, jointly with partner AGR Petroleum Services

  • Farm-out of Causeway field, UK

  • Established EMEC Emirates with privately owned Egyptian Mud Engineering Chemicals (EMEC) to provide mud engineering services

2009

  • Farm-out of Czech Republic, Tanzania and Australia

  • Founded D&H Solutions, a joint venture with Daewoo Shipbuilding & Marine Engineering of South Korea, chaired by Mr. Eivind Reiten, former Minister of Petroleum and Energy in Norway and CEO of Norsk Hydro, merged with Statoil

  • Drilling the first well (Apalis-1) of a three-well campaign in the licenses in Liberia, licenses relinquished in 2016.

2010

  • Advisory support for establishment of a new national oil company in Aceh, Indonesia, and participation in bid for Exxon assets and licenses

2011

  • Partnership with Statoil ASA for energy project in the US

  • Drilling of the second well (Narina-1) of a three-well campaign in the licenses in Liberia, licenses relinquished in 2016.

2012

  • Refocus on emerging markets

  • Drilling and operations in Egypt for offshore fields, including the fabrication and installation of platform and mobile offshore production unit

  • Drilling and operations in Sudan for onshore fields

  • Drilling of the third well (Bee Eater-1) of a three-well campaign in the licenses in Liberia, licenses relinquished in 2016.

2013

  • Established an E&P company in Nigeria and acquired oil and gas assets from Shell

  • Drilling and operations in Egypt

2014

  • Further drilling and operations in Egypt

2015

  • Award of participating interest in the oil license PNGF Sud in the Republic of Congo

2016

  • Developed “Power to Educate”, a platform designed for companies to contribute to substituting use of firewood with LPG, Solar and Wind solutions for domestic power usage, thus freeing up time for children to go to school.

  • Drilling in Cote d'Ivoire; licenses relinquished in 2018.

2017

  • Since 2009, Peace ambassador for PIND (Foundation for Partnership Initiatives in the Niger Delta) and Partner with the Ogoni People for Ogoni-land clean-up.

2018

  • Reverse take-over between PetroNor E&P and African Petroleum Corporation completed.

  • Listed on the Oslo Stock Exchange under the ticker PNOR.

2019
PetroNor E&P Oslo

Frøyas 13, 0273
Postboks 157, 0212
Oslo, Norway

Tel: +47 22 55 46 07
Fax: +47 64 00 27 65
Oslo
Norway
PetroNor E&P Abu Dhabi

M Floor, Al Heel Tower,
Al Khalidiya,
Abu Dhabi, U.A.E.

Tel: +47 22 55 46 07
Fax: +47 64 00 27 65
Abu Dhabi
UAE
We have been present in Nigeria for a decade through different ventures for oil and gas projects and sustainability and environmental activities. Since 2009, we have been engaged with the Ogoni People in Nigeria for clean-up of their area after a several oil spill and subsequent re-development of Ogoni Land.

PetroNor E&P Limited

16, Wilson Avenue, Okota,
Lagos, Nigeria
Lagos
Nigeria
Read More
The Company holds 10.5% indirect working interest in the PNGF Sud licenses, offshore Pointe Noire in the Republic of Congo since January 2017, through part of its subsidiary, Hemla E&P Congo, interest.

Hemla E&P Congo

5ème étage, Immeuble Maisons Sans Frontières
Pointe Noire, Republic of Congo
Pointe Noire
Congo
Read More
In Senegal, the Company reserves its rights to the 90% operated working interest in exploration blocks Rufisque Offshore Profond (“ROP”) and Senegal Offshore Sud Profond (“SOSP”) (together the “Senegal Licences”). The National Oil Company Petrosen, holds the remaining 10% equity. The Company’s Senegal Licences are located offshore southern and central Senegal, with a net acreage of 14,216 km2. PetroNor E&P is currently in ICSID arbitration with the Government of Senegal with respect to the licenses.
Dakar
Senegal
Read More
PetroNor E&P reserves its rights to the 100% operated working interest in offshore licences A1 and A4. The Company has completed a significant 3D seismic survey with data covering 2,500 km2 and has found a number of analogue leads and prospects in its acreage to that of the recent discoveries and appraisal wells drilled by Cairn Energy in Senegal. The Company is currently in ICSID arbitration with the Government of The Gambia with respect to the licenses.
Banjul
The Gambia
PetroNor E&P London

48 Dover Street
London, W1S 4FF
United Kingdom

Tel: +44 203 655 7810
Fax: +44 207 106 7762
London
United Kingdom