Tellus – background
Tellus Petroleum was established in 2012 as an independent oil and gas company based in Oslo. Their aim was to acquire a portfolio of interests in small and medium sized producing fields and discoveries on the Norwegian Continental Shelf. Tellus are primarily seeking to increase value in producing fields and enhance the development of discovered fields. In September 2015, Tellus became part of the Sequa Petroleum Group.
The Tellus Business
The Tellus organization focusses on subsurface, commercialization, development and production capability, combined with business development, commercial and financial execution acumen.
- purchase interests in producing fields and assets with proven resources moving into the commercialization/development phase
- primarily enter mature areas and work to contribute to improved area solutions, including for example completing time critical satellite tie-backs to existing infrastructure
- leverage the expertise, insight and acumen of the Tellus team and the financial strength of the Sequa Petroleum strategic investor