Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Tullow Completes Acquisition of Spring Energy Norway

change text size

Tullow Oil announced Tuesday Spring Energy Norway CEO Roar Tessem is to become managing director of Tullow's Norwegian companies now that Tullow has completed its acquisition of Spring.

Tullow said the acquisition has already brought success for Tullow when last week Spring was awarded 13 licenses in Norway's 2012 Awards in Predefined Areas licensing round. Four of these licenses will be operated by the company.

The new licenses are highly complementary and mostly adjacent to current acreage held. The new acreage is located in all three areas of the highly prospective Norwegian Continental Shelf: the North Sea, the Norwegian Sea and the Barents Sea.

Tullow is also awaiting the results of applications both it and Spring made in Norway's 22nd licensing round.

Tullow Chief Executive Aidan Heavey commented in a statement:

"I am delighted to welcome our new colleagues to Tullow and I look forward to working with them. The quality of their business and staff has been underlined by their exceptional performance in Norway's most recent licensing round in which over 40 Norwegian and international companies participated."
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Lakes Oil Bags 2 Offshore Exploration ... (Oct 21)
 -  Statoil Finds up to 80M Barrels of Oil... (Oct 21)
 -  Lamprell Completes 2nd Caspian Sea Rig (Oct 21)
 -  Jurong Shipyard Bags MODEC's FPSO Cont... (Oct 20)
 -  Wressle-1 Well Confirms Potential Hydr... (Oct 20)
Most Popular Articles
From the Career Center
Jobs that may interest you
Site Manager
Expertise: Operations Manager
Location: Orange County , CA
 
Human Resource Generalist
Expertise: Human Resources
Location: Bossier CIty, TX
 
District Manager (Liner Systems)
Expertise: Operations Manager
Location: Bakersfield, CA
 
search for more jobs