Petroleum Exploration AB
- Creating growth and value in Offshore Oil & Gas
Creating Growth and Value in Offshore Oil and 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, Guinea Bissau, Nigeria and Latvia.
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).
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.
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.