KEY OBJECTIVES AND STRATEGIES

A CLEAR , CONSISTENT STRATEGY FOCUSED ON BUILDING A BALANCED PORTFOLIO

Spring Energy’s key objective is to develop an E&P company holding a risk balanced and attractive portfolio of licenses in the exploration, development and production phases.

The Company has a clear strategy to deliver sustainable and profitable growth in the future which includes:

Developing and maintaining a diversified portfolio of quality assets on the Norwegian Continental Shelf with significant upside potential
Applying for attractive acreage in concession rounds as well as pro-active and selective participation in the asset transaction market
Executing a commercially driven exploration strategy ensuring that capital and resources are allocated to the opportunities of highest potential value
Actively managing the portfolio of assets, including divesting of non-core assets to provide capital for future funding of exploration, appraisal and development opportunities
Continuously investing in people, structure and systems to ensure safe operations and minimising the impact of the Company’s operations on the environment
Maintaining financial flexibility

Quick links

Fast facts

Spring Energy is an independent Norwegian upstream oil and gas company.

Spring Energy has through license applications and farm-in transactions built a considerable portfolio of exploration and appraisal assets. The Company's portfolio provides a balanced spread of risk and reward, encompassing 24 licenses and one producing asset.

Spring Energy is financially backed by HitecVision and has employed a highly experienced team focused on creating value for its shareholders.