Our operations extend across the Baltic Sea to the hydrocarbon-rich basins of West Africa where we hold 7,424 square kilometer licence acreage. Our production comes from Ivory Coast, with an average production of approximately 8,037 bbl/day in 2019.
Consolidating our existing offshore portfolio and entering new onshore and offshore regions is a priority for Svenska. The quest to find high-value license stakes has become a recruiting advantage, as talented staff find rewards overseeing licenses and assimilating the experience of international projects.
An active partner
During the last few years and following the redevelopment of our Baobab field in the Ivory Coast, Svenska has shifting its focus to West Africa. The ambition going forward is to broaden our production base with increasing production and additional producing assets. We continuously look for attractive oil exploration assets and are evaluating a number of countries and jurisdictions. We have spent a lot of time understanding the potential of regions such as the Republic of the Congo, Gabon, Cameroon and the MSGBC basin. Svenska also continues to have a strong focus on capital discipline.
Host governments experience more efficient allocation of their resource base when partners participate on an equal footing to enhance the value of the respective licences.
Our goal is to achieve a balance between exploration and production. We believe value is created in the right and timely conversion of our resource portfolio into producing assets. We are continuing our efforts to transform the Company into a modern exploration and production company with material discoveries heading for development. Our past exploration and appraisal successes confirm that our approach is working.
As a hard-working and respected partner, Svenska is well-positioned to build value organically or by acquisition. We believe our reputation as a partner adds value to our assets and helps the Company grow.
A flat, yet dynamic corporate structure efficiently connects expertise in London, Stockholm and Bissau via modern communication systems, frequent dialogue and up-to-date tools. A management group providing decades of international experience guides our teams working in several of the world’s richest petroleum basins.
Consolidating our existing offshore portfolio and entering new onshore regions is a priority for Svenska. The quest to find high-value licence stakes has become a recruiting advantage, as talented staff find rewards overseeing licences and assimilating experience from international projects.