Oracle Norge AS
OMV Norge AS is an upstream oil and gas company on the Norwegian Continental Shelf, with non-operated interests in four producing fields (Gudrun, Gullfaks, Edvard Grieg, Aasta Hansteen), the Berling operated development, and a CCS portfolio, serving European gas and oil markets.
- Company typePrivate
- Founded2005
- HeadquartersStavanger, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Oracle Norge AS does
OMV Norge AS is an upstream oil and gas company operating on the Norwegian Continental Shelf, headquartered in Stavanger and wholly owned by OMV Energy (OMV Aktiengesellschaft, listed in Vienna). Founded in 2005 and active since the first license awards in 2007, the company today fields a team of around 140 professionals from 22 nationalities and operates as a subsidiary contributing to OMV Group's upstream portfolio. Its portfolio comprises non-operated working interests in four producing fields — Gudrun (24%, Equinor-operated), Gullfaks (19%, Equinor-operated), Edvard Grieg (20%, Aker BP-operated) and Aasta Hansteen (15%, Equinor-operated, located at 1,300m water depth with the world's largest spar platform) — and is developing Berling, its first operated field, a gas and condensate subsea tie-back to the Åsgard B host platform with first production targeted for early 2029. Cumulative production crossed 300 million boe in 2025; 2024 net production averaged 67 kboe/d with gas representing 59% of the mix.
The business model is commodity production sold under long-term offtake agreements to European energy buyers. Gas is exported via the Polarled pipeline to Nyhamna (UK/Europe) and the Åsgard transport system to Kårstø; crude oil and condensate are shipped by shuttle tankers to the Kårstø terminal. Realized prices track Brent for liquids and TTF for gas, and are not publicly disclosed at the subsidiary level. Beyond traditional upstream operations, OMV Norge has established a carbon capture and storage vertical through two license awards: Poseidon (50% with Aker BP, over 5 million tons CO2/year injection capacity, April 2023) and Iroko (30% with Vår Energi and Lime Petroleum, around 7.5 million tons CO2/year, June 2024) — together exceeding 12.5 million tons of annual CO2 storage capacity. The company invests in renewable power integration for producing assets, notably the Hywind Tampen floating wind farm supplying 88 MW to Gullfaks, and pursues operated exploration through annual APA licensing rounds, securing four new licenses in both APA 2024 and APA 2025, with a strategic target of raising gas above 60% of production by 2030.
Technology assets include a 4-slot subsea production template at Berling connected by a 24 km highly insulated pipeline to Åsgard B, the world's largest spar platform at Aasta Hansteen, high-pressure/high-temperature reservoir technology at Gudrun, and power-from-shore supply to Edvard Grieg. The customer base consists of European refineries, oil traders, and gas utilities; segment focus is split between European energy companies and utilities (primary) and industrial emitters requiring CCS capacity (emerging). Marketing and stakeholder engagement are conducted via corporate communications, the omv.no website, news releases, local sponsorships (Viking FK, Stavanger Concert Hall, Energistafetten), and a careers portal targeting offshore-experienced professionals.
Oracle Norge AS firmographics
Firmographics- Name
- Oracle Norge AS
- Legal name
- OMV Norge AS
- Website
- https://omv.no
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- OMV Norge AS is an upstream oil and gas company on the Norwegian Continental Shelf, with non-operated interests in four producing fields (Gudrun, Gullfaks, Edvard Grieg, Aasta Hansteen), the Berling operated development, and a CCS portfolio, serving European gas and oil markets.
- Ownership category
- akta.pro rank
Oracle Norge AS industry classification
Industry- Product category
- Upstream Oil and Gas Production
- NAICS
- Crude Petroleum Extraction (21112)
- SIC
- Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)
- akta.pro secondary industries
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)
Keywords
Where Oracle Norge AS is headquartered
LocationHeadquarters
- HQ city
- Stavanger
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Oracle Norge AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Oil and Gas Production: Revenue from production and sale of crude oil, natural gas, and condensate extracted from Norwegian Continental Shelf fields. Oil exported via shuttle tankers to Kårstø; gas exported via pipelines to European markets (Sleipner, Kårstø, Nyhamna for UK/Europe).
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Oracle Norge AS product offering
Product offeringCore offering
OMV Norge AS is an upstream oil and gas company that explores, develops, and produces hydrocarbons on the Norwegian Continental Shelf. The company holds non-operated working interests in four producing fields (Gudrun 24%, Gullfaks 19%, Edvard Grieg 20%, Aasta Hansteen 15%) and is developing Berling, its first operated field, with first production expected in early 2029. It also develops carbon capture and storage (CCS) capacity through the Poseidon and Iroko licenses and integrates renewable power (Hywind Tampen) into its producing assets.
Product overview
OMV Norge AS operates as an upstream oil and gas company with a diversified portfolio of producing assets and development projects. The company holds non-operated interests in four producing fields (Gudrun 24%, Gullfaks 19%, Edvard Grieg 20%, Aasta Hansteen 15%) and is developing its first operated field, Berling. Core activities span exploration, development, and production across the Norwegian Continental Shelf (North Sea, Norwegian Sea, Barents Sea), with a strategic focus on increasing natural gas share to over 60% of the portfolio by 2030. The company also invests in low-carbon initiatives including carbon capture and storage (Poseidon and Iroko licenses) and renewable power supply to producing assets (Hywind Tampen, power from shore).
Differentiator
Problem solved
Functional benefit
Products and services
- Berling Field Development OMV Norge's first operated gas and condensate field development on the Norwegian Continental Shelf, featuring a 4-slot subsea production template connected via a 24 km pipeline to the Åsgard B platform. Estimated 45 million boe recoverable reserves with first production expected in early 2029.
- Gudrun Producing Field Oil and gas field in the North Sea (PL 025), operated by Equinor, in which OMV holds a 24% working interest. Production started in 2014 and features a traditional steel platform with high pressure/high temperature reservoir technology.
- Gullfaks Producing Field Mature field in the North Sea Tampen area, operated by Equinor, in which OMV holds a 19% working interest. One of the first fields globally to receive power from a floating wind farm (Hywind Tampen, 88 MW).
- Edvard Grieg Producing Field High-performing oil and gas field approximately 180 km west of Stavanger, operated by Aker BP, in which OMV holds a 20% working interest. Production started November 2015 and operates with renewable electricity from shore.
- Aasta Hansteen Producing Field Deepest field development on the Norwegian Continental Shelf at 1,300 meters water depth in the Norwegian Sea Vøring area. OMV holds a 15% working interest. Features the world's largest spar platform at 339 meters. Production started December 2018.
- Carbon Capture and Storage (CCS) OMV Norge's carbon capture and storage initiatives in Norway, including the Poseidon license (50% interest) and Iroko license (30% interest), supporting industrial decarbonization with combined potential injection capacity exceeding 12.5 million tonnes CO2 per year.
- Haydn/Monn Gas Discovery Deepwater gas discovery in the Norwegian Sea Vøring Basin (PL 1194). One of the largest discoveries in Norway in 2024, with preliminary recoverable volumes estimated between 30 and 140 million boe.
Quantifiable outcome
- 67 kboe/d production with 59% gas in 2024
- +3 more outcomes
Companies that use Oracle Norge AS
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Oracle Norge AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Oracle Norge AS partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, minor and major.
- Odfjell DrillingcoreOperator of Deepsea Bollsta rig conducting Hoffmann exploration well drilling for OMV Norge as operator of PL 1194.
- Lime PetroleumminorPartner in Iroko CCS license with OMV holding 30% and Vår Energi as operator.
- Vår Energi ASAmajorPartner in PL 1194 (Haydn/Monn) with 30% interest. OMV operator with 40%. Also partner in Iroko CCS license and APA 2024 licenses PL 1272.
- INPEX Idemitsu Norge ASmajorPartner in PL 1194 (Haydn/Monn) with 30% interest. OMV operator with 40%.
- TechnipFMCcoreAwarded EPCI contract for Berling subsea development including subsea production systems, controls, pipelines, and umbilical. TechnipFMC is the EPCI contractor for the first operated field development by OMV in Norway.
- Equinor Energy AScoreEquinor operates the Åsgard B platform serving as host for Berling development. Partner in PL 644 (Berling) with 40% interest. Also operator of Gudrun field where OMV holds 24% interest.
- Aker BP ASAcorePartner in Poseidon CCS license with 50% interest (OMV holds 50%). Also APA 2024 partner in PL 1272 where Aker BP is operator. Aker BP operates Edvard Grieg field where OMV holds 20% interest.
- Aker SolutionscoreAwarded contract by Equinor for Åsgard B topside modifications required for Berling tie-in project.
- DNO Norge ASminorPartner in PL 644 (Berling) with 30% interest. OMV holds 30% as operator.
- TransoceancoreContracted rig operator for drilling operations. Transocean Norge drilled the Haydn exploration well and will drill Berling production wells (Q3 2026 planned) in consortium with Wintershall DEA.
- Wintershall DEA NorgeminorConsortium partner with Transocean for Berling drilling contract using Transocean Norge rig.
- Aker BPmajorOperator of Edvard Grieg field (OMV 20% interest) and PL 1272 exploration license (OMV partner).
Scale indicators16 records
Recent moves8 records
Expansion highlights6 records
Oracle Norge AS competitors and assessment
Company assessmentBroad incumbents
- Equinor ASA: Dominant NCS operator and largest Norwegian offshore oil and gas producer; operates Gudrun, Gullfaks, Aasta Hansteen (where OMV Norge is non-operated partner) and is host for Berling tie-in — directly comparable upstream portfolio on the same continental shelf.
- Shell plc: Global supermajor with Norwegian upstream operations (e.g., Knarr, Draugen); broader portfolio but directly overlapping NCS exploration and gas production activities.
- ConocoPhillips Norge: Global major with NCS upstream assets and active APA round participant; comparable Norwegian Continental Shelf E&P exposure and gas-weighted portfolio strategy.
- TotalEnergies EP Norge: Global major with NCS interests and gas-weighted strategy; comparable European gas market orientation and offshore deepwater capability.
Direct peers
- Vår Energi ASA: Major NCS-focused E&P company; partner with OMV Norge on Haydn/Monn (PL 1194) and operator of the Iroko CCS license where OMV holds 30% — directly comparable NCS upstream and CCS strategy.
- Aker BP ASA: Pure-play NCS E&P operator; operates Edvard Grieg (OMV Norge 20% partner) and is 50/50 partner with OMV Norge on the Poseidon CCS license — comparable Norwegian upstream focus and CCS exposure.
- DNO Norge AS: NCS-focused upstream player with non-operated interests; holds 30% in PL 644 (Berling) alongside OMV Norge as operator — closely comparable Norwegian Continental Shelf asset profile.
- Wintershall Dea Norge: NCS upstream operator with producing fields and exploration licenses; consortium partner with OMV Norge on the Berling drilling campaign using the Transocean Norge rig.
- INPEX Idemitsu Norge AS: NCS-focused upstream subsidiary; partner with OMV Norge on Haydn/Monn (PL 1194) — directly comparable Norwegian exploration and production asset class.
Others
- OMV Aktiengesellschaft: Parent company (Vienna-listed) — not a peer but a strategic principal; provides capital allocation, group-wide low-carbon strategy, and corporate functions that shape OMV Norge's investment program.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Oracle Norge AS social profiles
Digital presenceOracle Norge AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
Oracle Norge AS leadership team
Management profileNumber of profiles
Profiles2 records
Oracle Norge AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Oracle Norge AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Oracle Norge AS
What does Oracle Norge AS do?
OMV Norge AS is an upstream oil and gas company that explores, develops, and produces hydrocarbons on the Norwegian Continental Shelf. The company holds non-operated working interests in four producing fields (Gudrun 24%, Gullfaks 19%, Edvard Grieg 20%, Aasta Hansteen 15%) and is developing Berling, its first operated field, with first production expected in early 2029. It also develops carbon capture and storage (CCS) capacity through the Poseidon and Iroko licenses and integrates renewable power (Hywind Tampen) into its producing assets.
Is Oracle Norge AS a public or private company?
Oracle Norge AS is a private company. It is classified as corporate owned and is currently operating.
When was Oracle Norge AS founded?
Oracle Norge AS was founded in 2005. It employs 1 to 10 people.
Where is Oracle Norge AS based?
Oracle Norge AS is headquartered in Stavanger, Norway, in the Europe region.
How does Oracle Norge AS make money?
One revenue line is on record: oil and Gas Production.
Who are Oracle Norge AS's main competitors?
Broad incumbents on record are Equinor ASA, Shell plc, ConocoPhillips Norge and TotalEnergies EP Norge. Direct peers are Vår Energi ASA, Aker BP ASA, DNO Norge AS, Wintershall Dea Norge and INPEX Idemitsu Norge AS. OMV Aktiengesellschaft is listed as an others.
Does Oracle Norge AS have an API?
No public API is recorded for Oracle Norge AS.
What industry is Oracle Norge AS in?
Oracle Norge AS's product category is Upstream Oil and Gas Production. Its primary akta.pro industry code is EUALAAAI, Offshore E&P (Shallow/Deepwater, Subsea Production Systems), with a secondary code of EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 21112 and its SIC code is 1382.