North Energy, Explora Petroleum Combine to form North E&P AS

North Energy and Explora Petroleum AS will combine to form a single company named North E&P AS, following the completion of North’s acquisition of Explora.

As part of the combination, North will merge its employees with Explora Petroleum's workforce. Explora will be renamed North E&P AS and North Energy ASA will convert to a holding company, with all petroleum activities in the merged company held under North E&P AS.

The board of directors of North E&P AS will consist of North Energy’s Knut Sæberg, and Explora Petroleum’s Didrik Leikvang and John Pickard. Completion of this reorganization is expected by the end of the first half of 2016.



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Baron Oil, SundaGas Form JV to Explore... (Sep 26)
 -  Aminex Secures Rig to Drill Ntorya-2 W... (Sep 26)
 -  Aker Solutions Lets Employees Buy Comp... (Sep 26)
 -  Lamprell Secures Services Contract wit... (Sep 26)
 -  Swire Oilfield Services Appoints New C... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Principal - Oil & Gas
Expertise: Executive
Location: Houston, TX
 
VP Sales - Oil & Gas - Automation, Electrical Distribution
Expertise: Business Development
Location: Houston, TX
 
Technical Director
Expertise: Executive
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $45.89/BBL 3.69%
Light Crude Oil : $44.48/BBL 3.97%
Natural Gas : $2.96/MMBtu 1.00%
Updated in last 24 hours