M&A Deal Summary

Spring Energy Norway AS Acquires The Norwegian Continental Portfolio

On June 30, 2008, Spring Energy Norway AS acquired oil/gas exploration company The Norwegian Continental Portfolio from Serica Energy

Acquisition Highlights
  • This is Spring Energy Norway AS’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Spring Energy Norway AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2008-06-30
Target The Norwegian Continental Portfolio
Sector Oil/Gas Exploration
Buyer(s) Spring Energy Norway AS
Sellers(s) Serica Energy
Deal Type Divestiture

Target

The Norwegian Continental Portfolio

Norway
The Norwegian Continental Portfolio comprises two production licenses, PL406 and PL407, contains the Bream and Brisling oil discoveries.

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Buyer(S) 1

Buyer

Spring Energy Norway AS

Oslo, Norway

Category Company
Founded 2007
Sector Oil/Gas Exploration
DESCRIPTION

Spring Energy Norway AS is an oil and gas company established by a group of Exploration & Production (E&P) professionals with extensive experience and an excellent track record from the Norwegian Continental Shelf (NCS). The company participates in exploration, appraisal and development projects on the NCS, with the objective of developing a risk balanced portfolio over the next 3 to 5 years.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Serica Energy

London, United Kingdom

Category Company
Founded 2004
Sector Oil/Gas Exploration
Employees228
Revenue 727M GBP (2024)
DESCRIPTION

Serica Energy is an oil and gas exploration and production company with exploration, development, and production assets in the UK and Norway and exploration interests in the Atlantic margins offshore Ireland and West Africa. Serica Energy was founded in 2004 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 Parkmead

Aberdeen, United Kingdom

Parkmead (E&P) is focused on the exploration, development, and production of oil and gas. Parkmead (E&P) is based in Aberdeen, United Kingdom.

Buy £14M