We are an easy moving organisation with short decision lines. This makes it possible to efficiently seek out new projects that fit our portfolio. We are quite picky when it comes to getting involved in licenses or renewable projects, and that is something our investors truly appreciate. We look for projects that are both sustainable and that create value.
We are an agile and nimble company, we balance exploration and production with decarbonization – and we have an opportunistic approach in our business.
We have a clear goal of growing beyond a daily production of 100,000 barrels of oil equivalents, and at the same time work to decarbonise our value chains. We believe that a credible ESG framework is key to success in coming years.
The Dvalin field is located 15 km northwest of the Heidrun field. It consists of two separate structures. Dvalin East segment was proven in 2010, and Dvalin West segment was proven in 2012. The final investment decision was made in 2016 and the PDO was approved in June 2017.
The Duva oil and gas field is located 14 km northeast of the Gjøa field. To maximise synergies, the Duva development project is being coordinated with the redevelopment of Gjøa P1.
The Nova Development is located in the northern part of the North Sea, 17 km southwest of the Gjøa field. It was discovered in 2012 and appraised by three additional wells.
We explore, we produce, and we transport. Sval holds a 15.6% interest in Gassled and 13.3% in the Polarled pipeline. Gassled is the world’s largest offshore gas pipeline network, linking gas producing fields in the North Sea and the Norwegian Sea to the UK and continental Europe.
With a capacity of 132 MW Metsälamminkangas is the third largest wind farm in Finland and will via Fingrid, Finland’s national power grid, provide green energy to the integrated Nordic power market, including the ongoing electrification of the Norwegian oil and gas industry.