L1 Energy

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L1 Energy
IndustryOil and gas
Key people
Lord Browne, executive chairman

L1 Energy is an oil and gas investment company controlled by the Russian billionaire Mikhail Fridman, through Alfa Group, and chaired by Lord Browne.

On 2 March 2015, it was announced that Lord Browne was the executive chairman, and would be renouncing his other roles to build a major new oil and gas company from scratch.[1]

L1 Energy will run DEA AG, the purchase of which was announced in March 2014 that DEA for €5.1 billion. L1 Energy will seek to build a global oil and gas company through the acquisition of platforms in Europe, North America and South East Asia.[2]

Advisory board[edit]

As of August 2017:[3]


  1. ^ Reed, Stanley (2 March 2015). "Russian Energy Deal Comes at Contentious Time". New York Times. Retrieved 8 March 2015.
  2. ^ Macalister, Terry (8 March 2015). "Ex-BP boss aims to build major energy industry player from scratch". The Guardian. Retrieved 8 March 2015.
  3. ^ "Scott D Sheffield - LetterOne". www.letterone.com. Archived from the original on 29 June 2017. Retrieved 11 August 2017.