Company
overview
Penspring Oil is an independent exploration and production companies in the UK with substantial production assets in the North Sea
Penspring Oil is a fully independent oil and gas company.
Penspring Oil has a well balanced portfolio of production, development, exploration and Transportation
assets around the world, built through a strategy of acquisition and strong organic growth.
Transportation, Exploration, Development and Production
Penspring Oil is an independent oil & gas
company with operations in
countries across the globe.
Exploration, developement and production
Penspring Oil is a leading independent oil and gas company with production, development and exploration operations in the UK North Sea, headquartered in London.
Penspring Oil was founded in 2004 and has grown through a combination of acquisitions and new field developments. We have a high quality, diverse portfolio of assets including the Greater Stella Area production hub and the Captain, Alba, Erskine and Alder fields.
A key strength of our company lies in our highly skilled and talented workforce, who are committed to maximising the performance of our assets whilst maintaining safe and reliable operations.
As a leading North Sea operator, our goal is to deliver sustainable growth underpinned by operational excellence and financial discipline.
Our approach is to clearly set out what we need to do, highlight the challenges we face and work together to deliver success.
Total Operated
Production
150 000
boepd
Group history
For many years, tough business decisions
and a policy of group development
have enabled Penspring Oil to pursue a
tactic of steady expansion
