Bayerngas Norge

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

Bayerngas Norge AS is an oil and gas company with operations in several North-European countries. The company operates upstream with licenses in both Norwegian, Danish and British sectors. The company was established in 2006 and is owned by German, Austrian and Swiss local authorities. Their headquarters is in Lilleaker, Oslo, and the CEO is Arne Westeng. In 2013, the company had 90 employees from 12 different countries.

Operations[edit]

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 to 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[edit]

There are four shareholders of Bayerngas Norge AS. Bayerngas GmbH owns 31.5% while the company's biggest shareholder is SWM Gasbeteiligungs GmbH who owns 61.42%. The remaining shares are owned by Swissgas and TIGAS-Erdgas Tirol who control 3.33% and 3.75%, respectively. These companies are owned by local authorities in Germany, Austria and Switzerland.

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