Noreco - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Noreco M&A Summary

Noreco has acquired 3 companies. A total of 1 acquisition came from private equity firms.

Noreco’s largest acquisition to date was in 2006, when it acquired Denerco Oil A/S for $332M. Noreco has acquired in 2 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Noreco Business Overview

Where is Noreco headquartered?

Noreco is headquartered in Stavanger, Norway.

What sector is Noreco in?

Noreco is an oil/gas exploration company.

When was Noreco founded?

Noreco was founded in 2005.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Noreco

Norwegian Energy Company ASA

Haakon VII's gt 9 PO Box 550 Sentrum,
Stavanger, 4003
Norway,
47-99-28-39-00
www.noreco.no

Norwegian Energy Company ASA is an independent oil and gas company with activities in Norway, Denmark and the United Kingdom. Noreco’s main focus is to explore for oil and gas, and the company is among the largest holders of exploration licenses in Norway.In addition, the company has ownership in eight producing oil fields and more than a dozen oil and gas discoveries.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $332M $332M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Shell Olie-Og Gasudvinding Denmark Pipelines ApS 2018-10-17 - Divestiture
, Denmark
Altinex ASA 2007-07-23 - Add-on Acquisition
Stavanger, Norway
Denerco Oil A/S 2006-05-11 332M DKK Add-on Acquisition
Holte, Denmark
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 3 (100%) 332M (100%) - -
Total 3 $332M - -

By Geo

State/Country Buy Value Sell Value
Denmark 2 332M - -
Norway 1 - - -
Domestic 1 (33%) - - -
Cross-border 2 (67%) 332M (100%) - -
Total 3 $332M - -

Deal Values

buy # Total
$100M to $1B 1 $332M
TOTAL $332M
Largest Denerco Oil A/S
$332M (2006-05-11)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)

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