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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 further growth through development of discoveries as well as acquisitions....

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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 two horizontal production wells and one water injection well. The expected maximum production rate is approximately 20 000 barrels of oil equivalents...

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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 planning will be initiated....

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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 located four kilometres from the Hyme producing oil field which in turn is approximately 19 kilometres from the Njord field production facilities. ...

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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 template with four well slots. The installation of five new risers and Njord A modifications to receive Hyme production are also part of the project. Th...

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Rosenkrantzgate 16, N-0160

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P.O. Box 1489 Vika, N-0116 Oslo

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