Svenska
PETROLEUM EXPLORATION AB
- Creating growth and value in Offshore Oil & Gas
Svenska Petroleum Exploration AB is a Swedish based oil and gas company in offshore exploration and production. The company is a fully-owned subsidiary of Petroswede AB, a privately held holding company.
In a world defined by explorers, discovery has always been a commodity. The sensation of novelty remains timeless and the reward seems equally great. Exploration is a legacy passed on over generations. In honour of that tradition and to realise what lies beyond our shores, we continue to explore.
Activities are presently based in Ivory Coast and Nigeria.
News
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Agreement to sell the company to Vaalco Inc
Svenska Petroleum Exploration AB has, through its owner Petroswede AB, reached an agreement to sell the company to Vaalco Inc. This transaction is subject to government approvals.
2/29/2024 -
Bankruptcy proceedings initiated against holding company above Svenska Petroleum Exploration
Svenska Petroleum Exploration has been made aware that bankruptcy proceedings have been initiated against Petroswede Europe AB. Petroswede Europe is a holding company two levels above Svenska Petroleum Exploration AB (“SPE”).
“The operational and financial performance of Svenska Petroleum Exploration is very strong, and the filing does not negatively impact SPE’s current strategy as directed by its Board of Directors, or the ongoing process to sell the business.”, says Fredrik Ohrn, SPE’s CEO. “We are in the final stage of discussions regarding a sale of the company and we have been informed that we have Petroswede Europe’s lender’s full support in this process.”, Mr. Ohrn added.
2/13/2023 -
Svenska launches the new website
We are happy to announce the publishing of our new svenska.com website.
This is very much in line with Svenska's current focus on reviving and strengthening our brand.6/27/2019 -
Svenska 50th Anniversary
Svenska Petroleum Exploration turned 50 on the 3rd of June 2019. The company was founded as Oljeprospektering Aktiebolag (OPAB) in 1969 by the Swedish government and a consortium of Swedish industrial enterprises. The company was bought by Sheikh Mohammed H. Al-Amoudi in 1994.
6/3/2019 -
Svenska reaches farm-down agreement with CNOOC West Africa Petroleum E & P SA in Guinea Bissau
SPE Guinea Bissau AB (“Svenska GB”), a wholly owned subsidiary of Svenska Petroleum Exploration AB, Sweden, is the Operator of Block 2, the Sinapa Licence, and Blocks 4A & 5A, the Esperança Licence, offshore Guinea Bissau. The other co-venturers in these licences are FAR Limited (“FAR”) and Empresa Nacional de Pesquisa e Exploração Petrolíferas, E.P. (“Petroguin”, the state owned oil company).
8/5/2019
