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.
We are an independent oil and gas exploration and production company with 5 licences in three countries offshore West Africa (Republic of Congo, Senegal and The Gambia). We also hold the right to enter into a sixth license in the Republic of Congo.
The Company has achieved key operational milestones across its licences, having rapidly matured its exploration portfolio by acquiring more than 13,400km2 of 3D seismic data and drilling multiple exploration wells.
PetroNor is present in West Africa with 2P reserves of 10.89 MMbbls and an average production of 2,300 bopd.
The Company holds, through its subsidiary, 2P reserves of 10.89 MMbbls (AGR Petroleum Services Competent Person’s Report October 2019) and a production averaging around 2,300 bopd. In addition, we hold a portfolio of exploration licenses in The Gambia and Senegal with mean prospective oil resources of about 4.9 billion barrels (ERC Equipoise Competent Persons Report April 2014 in conjunction with ERCE Audit January 2015 and ERCE Letters March 2015).
We look at creating value through application of cutting edge and smart technology.
The synergies between our business model and the latest technologies developed continuously in the offshore of the Norwegian Continental Shelf allow for the maximum commercial outcome with the least environmental impact. The transfer of technology and excellence to our partners or host countries ensures long term collaborations and development.
We look at creating value through application of cutting edge and smart technology but we always strike the right balance between innovations and proven technology. PetroNor E&P gives special interest to IOR (improved oil recovery) for improved and efficient operations.
Our area of focus is on Sub Sahara Africa and, more specifically, proven and producing assets in the region with development and IOR potential.
We leverage on our background and experience from Abu Dhabi, as well as from the oil and gas industry in Norway, the country with the highest oil recovery rate in the world, in our operations. Our team has a proven track record from both IOR in the North Sea, as well as from direct, day-to-day, on the ground operations in Africa.