Petrolia NOCO AS now has 700 shareholders and the shares are freely tradable

The Petrolia NOCO AS shares have now been registered at the Norwegian Central Securities Depository, “VPS” with ISIN: NO 0010844301 and the Articles of Association have been updated to make the shares freely tradable without neither pre-emption rights to existing shareholders nor need of board approval.

In the EGM 22 March 2019, Independent Oil & Resources PLC resolved to dividend all their shares in Petrolia NOCO AS to their shareholders. This transaction is expected to be completed in the first week of April. The number of shareholders is then expected to approach 700 (minimum number of shareholders to qualify for listing at Oslo Stock Exchange is 500).

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March 28, 2019

Success in APA 2018

Petrolia was offered five licenses in the APA 2018 by the Norwegian Ministry of Petroleum and Energy. Two of the licenses (PL 992 and PL 994) are located in the northern North Sea and three in the Norwegian Sea (PL 937 B, PL 998 and PL 1013), where Petrolia also obtained one operatorship (PL 1013). Petrolia delivers on the strategy of niche exploration with additional focus on near field acreage, which is reflected in the awarded licenses. Petrolia keeps growing and is continuing to chase the great potential on the NCS and building a strong, diverse portfolio.

Fantastic effort by the team, resulting in positive results on all our applications in APA 2018.  With the newly awarded licenses Petrolia will continue to grow as a company and work together with partners to create value on the NCS.

Anette Broch Mathisen Tvedt

Exploration Manager

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January 18, 2019

Petrolia has Appointed a new Exploration Manager and A new Business DevElopment Manager

Petrolia is happy to announce Anette Broch Mathisen Tvedt as our new Exploration Manager and Joanna Ponicka as our new Business Development Manager.


Joanna Ponicka  

Business Development Manager  

MSc in Petroleum Geoscience, University of Aberdeen  

Joanna joined Petrolia in 2015 as an Explorationist and played an active role in growing the company portfolio, with strong focus on building new partner network.

She has a variety of experience covering farm-ins, acreage applications and leading the APA round, and has been part of Petrolia's Exploration Committee that guides the company strategy since 2018. 

January 11, 2019

Anette Broch Mathisen Tvedt  

Exploration Manager  

PhD in Geoscience, University of Bergen 

Anette has worked for Petrolia for almost six years and have experience working with all aspects of exploration, both through license work and licensing rounds.  She has had leading roles in several projects, including Petrolia’s basement projects.  

Anette has broad experience from both the Norwegian Continental Shelf and offshore Brazil. As geoscientist, Anette has experience working with everything from prospects related to the softest of rocks (salt) to the hard rock fractured basement reservoirs.  

Petrolia noco acquires Petoro as wi in pl 018 c

On 30th of November 2018 Petrolia NOCO AS completed the acquisition of a 5% WI in PL 018 C from Petoro AS. Whilst the transfer relates to Norwegian license interests, license PL 018 C forms part of a cross-border unitised interest known as the “Flyndre Field”. After this transaction Petrolia NOCO AS holds 11.5% WI in the license. 

The Flyndre Field is an oil- and gas producing field on the border between the Norwegian and UK sectors in the North Sea, 35 km northwest of the Ekofisk Field. The field is operated by Total Oil UK Limited. 

The effective date for the transaction is 1st January 2018. 

November 30, 2018

Petrolia noco acquires Equinor asa wi in pl 018 c

On 31st of October 2018 Petrolia NOCO AS completed the acquisition of a 6.541% WI in PL 018 C from Equinor ASA. Whilst the transfer relates to Norwegian license interests, license PL 018 C forms part of a cross-border unitised interest known as the “Flyndre Field”.

The Flyndre Field is an oil- and gas producing field on the border between the Norwegian and UK sectors in the North Sea, 35 km northwest of the Ekofisk Field. The field is operated by Total Oil UK Limited.

The effective date for the transaction is 1st of January 2018.

October 31, 2018

Share issue - NOK 35 million raised

Petrolia NOCO AS has completed a share rights issue where 315 627 shares will be issued, raising NOK 35 million in new equity. The new share capital of NOK 121 million is expected to be recorded at Brønnøysundregistrene in June. Following this share issue, the existing shareholders have paid in NOK 296 million. In addition to existing shareholders, several employees also subscribed.

May 15, 2018


Petrolia noco success in APA 2017

Petrolia NOCO AS was awarded four licenses in the APA 2017 round, moving forward with PN's innovative exploration strategy. Petrolia is operator on one of the newly received awards in the southernmost Norwegian Sea. Two of the awards are located on the Frøya High and one on the Nordland Ridge, which both are competitive areas.

January, 2018

Petrolia NOCO announces the appointment of Dr Robert Arnott as Executive Chairman.

Dr Arnott has over 35 years’ experience in the oil and gas industry and has previously held board positions at several E&P companies, most recently as Chairman of Hurricane Energy, the UK North Sea basement specialist.

He also has extensive experience in the Norwegian sector having served on the boards of Rocksource ASA, Core Energy AS and Spring Energy AS. In addition, he has been a member of the Advisory Board of DNO ASA.

After working as a geologist and economist with Royal Dutch Shell, he became an oil and gas equity analyst in 1991, holding senior positions at Goldman Sachs and Morgan Stanley for 10 years. He is also a senior fellow at the Oxford Institute for Energy Studies and is recognised for his research into the oil and gas industry.

Petrolia has been involved in exploration in Norway since 2012 and has 6 licences including one operatorship recently awarded in the 2017 APA round.

January 22, 2018

APA 2016 Awards

Petrolia NOCO AS has been awarded 2 new licenses in the 2016 APA (Awards in Predefined Areas). Petrolia NOCO is pleased to have been awarded 30 per cent of license 882 and 20 per cent of license 887.

Following the APA 2016 Petrolia NOCO is a partner in 8 licenses on the Norwegian Continental Shelf.

January 17, 2017