The company starts life with a strong license portfolio, including a production base of about 9,000 barrels of oil equivalent per day; significant holdings in several discoveries that are expected to be developed over the coming years: Pil (45%), Garantiana (30%), and Snilehorn (17,5%); as well as an interesting exploration portfolio.
Om letestrategien sier selskapet dette:
«We believe that significant discoveries remain to be found on the NCS. With 28.9bn boe of reserves and resources in place it is estimated that 17.9bn boe are yet to be discovered.
Our exploration strategy is to look for near field opportunities in our core areas of interest on the NCS.
Selective wild cat frontier exploration will also be considered.
We will combine our extensive geological knowledge, advanced geophysical methods and a comprehensive knowledge of all areas of the NCS to identify suitable assets. This process will be underpinned by risk assessments, a commercial mindset throughout the organisation and capital discipline.
Our aim is to ensure a proactive and qualitative approach to developing a high potential, risk balanced portfolio of assets where financial resources are allocated to opportunities with the highest potential.»