Point Resources is a mid-sized, independent exploration and production (E&P) company with a diverse portfolio of production, development and exploration assets on the Norwegian Continental Shelf (NCS).
The company’s headquarter is located in the Stavanger region, with a branch office located at Aker Brygge in Oslo.
In 2017, the combined average production from operated and non-operated fields, net to Point Resources, is expected to be approximately 50,000 barrels of oil equivalent per day. By 2022, the company is expected to organically grow its production to over 80,000 boepd.
Point Resources' main objective is to become a leading, independent exploration and production (E&P) company on the Norwegian Continental Shelf (NCS).
Point Resources’ objective and strategy is to:
The company has a robust capital base with backing from Europe’s leading private equity firm in the oil and gas sector, HitecVision. Efficient reserve based lending structures are also in place with a syndicate of international banks, creating a strong platform for further growth. The plan is to invest more than 20 billion NOK on the NCS within 2022.