Suncor Energy Norge has had an office in Stavanger since 2006. Offshore Norway is an important exploration theatre in Suncor’s Exploration and Production (E&P) Offshore business. The company’s strategic objective is to grow a sustainable exploration and production business in the country. Norway has several world-class basins that offer a wide range of exploration opportunities with significant open acreage which, when combined with regular bid rounds, offers material 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 portfolio consists of 9 licenses:
An important element of our strategy in Norway is participation in annual offshore exploration licensing rounds and we maintain an active portfolio with a focus on quality.
Our portfolio currently consists of several non-operated and operated licences, three of which have commercial potential – Beta PL 375 (operated), Fenja PL 586 (non-operated) and Oda PL 405 (non-operated).
See the Norwegian Petroleum Directorate website for information on exploration licenses.