Stavanger, Norway

Norway

Suncor Energy Norge

Suncor Energy Norge has had an office in Stavanger since 2005. Suncor’s strategic objective for Norway is to grow a sustainable Exploration and Production

(E&P) business in the country. Offshore Norway is an important exploration theatre in Suncor’s E&P Offshore business. It has several world class basins that offer a wide range of exploration opportunities with significant open acreage which, when combined with regular bid rounds, offer potential growth opportunities in the region.  Since establishing the Stavanger office, Suncor has participated in several bid rounds for exploration licenses, both operated and non-operated. Our current (2016) portfolio consists of 13 licenses:

  • 5 operated 
  • 8 non-operated
Suncor has established an excellent reputation and track record in Norway. We are participants in two discoveries that have commercial potential – the operated Beta Statfjord discovery (2010) and the non-operated Oda discovery (previously known as Butch). Potential options for development of the Beta field will require future assessment subject to availability of third party processing capacity.

The Centrica-operated Oda discovery, in which Suncor has a 30% interest, is proposed as a subsea tie-back development. Resources will be transported for processing via subsea tie-backs to the Aker BP-operated Ula field production complex, located approximately 13 kilometres west of the Oda field. The investment decision is planned for Q4 2016. If sanctioned, production is planned to start in 2019, with an expected peak of 35,000 barrels of oil equivalent (gross) per day.

We are focused on organically building our capabilities and presence in Norway, which includes a portfolio which allows for sustained activity and provides a platform for future growth and a long-term business presence in Norway.

Suncor Energy Norge is dedicated to delivering economic prosperity, improved social wellbeing and a healthy environment for today and tomorrow for all stakeholders

An important element of our strategy in Norway is participation in offshore exploration licensing rounds. We maintain an active portfolio with a focus on quality.

Our current (2016) portfolio consists of 13 licenses, 5 of which are operated, and two of which have commercial potential – Beta PL 375 (operated) and Oda PL 405 (non-operated).

Suncor's current licenses in Norway

  • PL 375 (80% operated)
  • PL 405 (30% non-operated) 
  • PL 571 (60% operated) 
  • PL 571B (20% non-operated) 
  • PL 715 (20% non-operated)
  • PL 735S (20% non-operated)
  • PL 751 (40% operated)
  • PL 752 (15% non-operated)
  • PL 780 (40% non-operated)
  • PL 783 (20% non-operated)
  • PL 819 (60% operated)
  • PL 823 (40% non-operated)
  • PL 831 (40% operated)
See the Norwegian Petroleum Directorate website for information on exploration licenses.