Bayerngas Norge

Bayerngas Norge
Private
Industry Petroleum
Founded 2005
Founder Bayerngas GmbH and partners[1]
Headquarters Oslo, Norway
Key people
 Florian Bieberbach (Chairman of the Board), Arne Westeng (Managing Director)
Website

Bayerngas Norge AS was an oil and gas company with operations in several North-European countries. The company operated upstream with licenses in both Norwegian, Danish and British sectors. The company was established in 2006 and was owned by German, Austrian and Swiss local authorities. In December 2017, Bayerngas Norge was combined with the exploration & production business of Centrica plc to create a new independent oil and gas operator, Spirit Energy.[2]

Operations

At the end of 2013 Bayerngas Norge had 68 licenses, whereof 47 in Norway, 17 in the UK, and 4 in Denmark. Bayerngas Norge has five operatorships in Norway and one in the UK. The company aims to participate in between five and ten exploration wells per year, preferably in frontier areas. Average daily production is estimated to be around 16,200 barrels of oil equivalent per day (BOED) in 2013, which is equivalent to 10 TWh. On August 11, 2013, daily production reached 20.000 boed for the first time.

Owners

There were four shareholders of Bayerngas Norge AS. Bayerngas GmbH owns 19.90% while the company's biggest shareholder is SWM Gasbeteiligungs GmbH who owns 75.73%. The remaining shares are owned by Swissgas and TIGAS-Erdgas Tirol who control 2.50% and 1.87%, respectively. These companies are owned by local authorities in Germany, Austria and Switzerland.

See also

References

  1. ↑ Bayerngas Norge. Shareholders Archived July 7, 2011, at the Wayback Machine.
  2. ↑ http://www.spirit-energy.com


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