Atlantic withdraws from Norwegian offshore E&P

Offshore staff

TORSHAVN, Faroe Islands Atlantic Petroleum has completed the sale of its Norwegian activities to M Vest Energy, first announced last March.

These include various interests in licenses offshore Norway, and the associated liabilities and employees.

CEO Ben Arabo said: “Atlantic Petroleum will now focus on creating value from Orlando and Kells in the UK [North Sea], and pursue new ventures in line with the company’s new strategy.”

01/23/2017

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...