Welcome to Core Energy

Core Energy is an oil & gas company established with the aim of capturing the value potential in and around producing oil and gas fields on the Norwegian Continental Shelf. The company will seek to acquire interests in producing fields and create value through focusing on increased oil and gas recovery, near field exploration and adjacent field developments. The company is backed by the leading oil and gas focused private equity investor HitecVision.

			
						
			
			

HitecVision merges three oil companies and invests NOK 3.5 billion

18. January 2016

HitecVision merges three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf. The new company already has significant activity on the NCS, and will engage in both exploration, development and production. The current market situation provides many opportunities for companies with a strong capital base, and Point Resources will therefore be provided with NOK 3.5 billion for fu...

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Changes in the Core Energy management team

22. September 2015

Jan Harald Solstad will as of 1 October 2015 step down from the position as CEO of Core Energy. Thomas Bjørgo will from the same date assume the role as CEO of the company. Thomas is one of the founders of Core Energy and has since inception of the company held the position as CFO. Jessica S. Nordvall will assume the position as acting CFO of Core Energy....

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Production start on Bøyla

19. January 2015

We are pleased to announce the start-up of production from the Bøyla field. Total investments in the development of the Bøyla field amount to approximately NOK 5 billion. Recoverable reserves from the field are estimated at approximately 23 million barrels of oil equivalents, of which Core Energy’s share amounts to 4.6 million barrels of oil equivalents. The development solution is a subsea installation consisting of...

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Beta acquisition

31. October 2014

We are pleased to announce that Core Energy has acquired a 20 % working interest in PL375, PL375B and PL375C, including the Beta discovery from Suncor Energy Norge AS (Suncor). Beta is an oil discovery, operated by Suncor and situated approx. 20 km North West of the Snorre oil field facilities. Suncor is planning to drill an appraisal well with Borgland Dolphin early 2015 in the main segment of the discovery before detailed development ...

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Snilehorn discovery

11. November 2013

Core Energy is pleased to announce an oil discovery in well 6407/8-6 and sidetrack 6407/8-6A on the Snilehorn Prospect in PL348/348B in the Norwegian Sea (Core Energy 17.5% working interest). The preliminary volumetric estimates of the size of the discovery as assessed by the operator Statoil are between 57 and 101 million barrels of recoverable oil equivalent (10 - 18 mmboe net to Core Energy). The Snilehorn discovery is lo...

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Production start on Hyme

26. February 2013

On 25 February, Statoil which is the operator of Hyme announced that production began from the oil field located in the southern part of the Norwegian Sea. The Hyme field was discovered at Haltenbanken in June 2009, 19 kilometres north-east of the Njord A platform. It is tied in to existing infrastructure on Njord A. The field development plan includes a multilateral production well and a water injection well drilled through a subsea te...

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Increased capital commitment to Core Energy

30. March 2012

We are pleased to announce that Core Energy has raised an additional USD 150 million of equity. The new financing will enable Core Energy to accelerate its growth strategy on the Norwegian Continental Shelf....

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Gullkronen 2012

1. February 2012

Core Energy received the Newcomer of the Year award under the Gullkronen event hosted by Rystad Energy 1 February 2012. The jury's reasoning for the award: "The winner secured financing by HitecVision shortly after the establishment in 2010. During 2011, the company obtained pre-qualification as a licensee on NCS and has started building a portfolio through acquisition of both mature fields and a development field. The jury is impressed by the...

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New Chairman appointed in Core Energy

1. August 2011

The oil company Core Energy announces the appointment of Inge Hansen as new Chairman of the Board of Directors.Hansen, age 65, has a broad and relevant background from Norwegian financial markets and the industry. He has previously held the position as CFO and acting CEO of Statoil and CEO of Aker Kværner, and currently holds several significant board positions, including being the Chairman of the board in Gjensidige and Director o...

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Core Energy prequalified as licensee on the NCS

Friday 3rd of June 2011, Core Energy received notification from the Norwegian Ministry of Petroleum and Energy that the company has been prequalified as a licensee in Norway....

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Core Energy acquires interests in Brage and Hyme

24. May 2011

We are pleased to announce that Core Energy AS has entered into an agreement with Norwegian Energy Company ASA (Noreco) to acquire its interest in the Norwegian oil field Brage and the Hyme development project. The transaction is subject to customary approval by the Norwegian authorities....

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Core Energy acquires an interest in the Snorre oil field

10. April 2011

The newly established oil company Core Energy AS announced today that the company has entered into an agreement with Hess Norge AS to acquire its 4.9% interest in PL057, including a 1.0384% share in the Snorre field and unit in the North Sea. The transaction has an effective date of 1st January 2011 and is subject to a partner’s pre-emption right and customary approval by the Norwegian authorities....

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HitecVision invests in Core Energy

26. November 2010

HitecVision, the leading oil and gas focused private equity investor, announced today an agreement to provide an equity line of USD 150 million to the independent oil and gas company Core Energy AS....

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Contact details

Visiting address:
Rosenkrantzgate 16, N-0160


Postal address:
P.O. Box 1489 Vika, N-0116 Oslo

Phone: +47 24 04 54 80

E-mail address: post@coreenergy.no