Sval Energi Acquires Suncor Energy Norge AS and Purchases Equinor Interests on Norwegian Continental Shelf
September 30, 2022
Privately owned Sval Energi has completed acquisitions that strengthen its portfolio on the Norwegian Continental Shelf, including the purchase of Suncor Energy Norge AS and stakes acquired from Equinor in the Martin Linge Unit and Greater Ekofisk Area. The transactions add roughly 34,000 boe/d of production overall and transfer about 16 Suncor Norway employees to Sval while increasing Sval's reserves and operated positions in multiple fields.
- Buyers
- Sval Energi AS
- Targets
- Suncor Energy Norge AS, Equinor interests in the Martin Linge Unit and the Greater Ekofisk Area (licenses/participating interests)
- Sellers
- Suncor Energy, Equinor
- Industry
- Energy
- Location
- Norway
- Transaction Type
- Buyout
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