About Spring Energy Norway
Spring Energy is an independent, upstream oil and gas company focused on the Norwegian Continental Shelf. Founded in 2007, the Company has, through license applications, farm-in transactions, acquisitions and swaps, built a considerable portfolio of exploration and appraisal assets. The Company's portfolio provides a balanced spread of risk and reward, encompassing 28 licenses, including 5 as operator and one producing field. It has a team of 37 highly experienced technical and commercial persons based in Oslo.In December 2012, Spring Energy was acquired by Tullow Oil. The valuation of Spring Energy was $372 million. Other terms of the deal were not released.