exploration ab type private industry petroleum founded 1969 1 founder swedish government headquarters stockholm sweden key people fredrik hrn ceo revenue sek 682 million 2014 2 operating income sek 1 258 million 2014 2 profit sek 1 271 million 2014 2 number of employees 45 2014 2 website www.svenska.com svenska petroleum exploration ab svenska is a privately held swedish oil and gas exploration and production company . svenska operates in five countries across offshore west africa and northern europe . the exploration activities are focused offshore west africa the north sea as well as the baltic region . production comes from 2015 the ivory coast . in west africa focus is on early to mid life and high growth black oil exploration assets and production assets . in the north sea and norway svenska has an established position with an attractive combination of development assets and exploration assets . svenska petroleum exploration is wholly owned by petroswede ab which in turn is indirectly 100 % owned by sheik mohammed h. al amoudi . overview edit svenska petroleum exploration svenska dates back to 1969 when oljeprospektering ab opab was founded . opab was an initiative from the swedish government and a number of swedish private enterprises aga boliden gr nges and sydkraft to respond to the vast potential of a growing energy market . the company s mission was of national concern and thus sought to explore and produce hydrocarbons in sweden . in 1973 a second initiative petroswede was established . also based on a 50 50 state private ownership structure petroswede s objective was to search for new opportunities beyond the shores of sweden . in 1979 the state owned refining & marketing company svenska petroleum acquired parts of petroswede and launched the new company in the name of svenska petroleum exploration . svenska entered into an agreement with opab to operate all of its fields and take over staff and premises . in 1986 svenska petroleum and oljekonsumenternas f rbund ok union merged and created ok petroleum okp . in 1991 the swedish state s interest was sold to okp which became the sole owner of the company . in 1994 sheikh mohammed h. al amoudi acquired okp through his investment company moroncha holdings and in 1996 okp became preem petroleum and divested its shares in svenska to a newly established holding company that inherited the name petroswede through moroncha holdings . opab became a wholly owned subsidiary of svenska after the acquisition of sydkraft s shares . svenska has a diversified asset portfolio with offshore operations in norway latvia guinea bissau the ivory coast nigeria and angola . 3 references edit svenska petroleum exploration . history . svenska petroleum exploration ab . a b c d svenska petroleum exploration financials pdf . svenska petroleum exploration ab . svenska petroleum exploration . assets . svenska petroleum exploration ab . external links edit official website companies portal retrieved from https en.wikipedia.org w index.php title svenska petroleum exploration ab & oldid 690950583 categories oil companies of sweden navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages lietuvi svenska edit links this page was last modified on 16 november 2015 at 18 54 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view