Overview & Strategy

Point Resources aims to become a leading, independent player on the Norwegian Continental Shelf (NCS).

Point Resources is a full-cycle E&P company, built mainly on the heritage of ExxonMobil’s more than 50 years of operations on the NCS. Point Resources has a robust platform for growth, where the core components are a strong NCS portfolio, an extensive and competent organisation with a solid operational track record, and financial backing from experienced investors. Point Resources is positioned to add to its growth, and to become a leading company among a new generation of NCS majors.

The company has five core value creation activities, which are key to realising its ambitions;

Point Resources has identified additional large growth potential in the company’s current production portfolio. Several projects are under development, and Point Resources is actively evaluating M&A and optimisation opportunities. The company has a target of maintaining full-cycle cost level which would be sustainable with the observed oil prices in recent years.

The company has a robust financial platform, based on solid operations, low gearing, flexibility to make investments, and backing from the company’s owners.

Point Resources targets a production of more than 150,000 boepd by the mid-2020s. The company has taken significant steps to realise this target and is well positioned to continue its operational and strategic progress.

The company has just below 400 employees, working from the headquarters in the Stavanger Region, the branch office in Oslo and at our installations offshore.