PA Resources in brief

PA Resources' business consists of the acquisition, extraction and sale of oil and gas reserves, as well as exploration to find new reserves. In geographical terms PA Resources focuses on three regions: North Africa, West Africa and the North Sea.

» Read more about our business model and strategies

Facts in brief

Licences in Tunisia, The Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, The Netherlands, Denmark and on Greenland
Produces oil in Tunisia (one of the biggest oil producers) and in the Republic of Congo
Operator of licences in Tunisia, United Kingdom, Denmark and on Greenland
PAR shares listed on the NASDAQ OMX Nordic Exchange (Mid Cap) in Stockholm and Oslo Stock Exchange (OB Match)
Domiciled and headquartered in Stockholm

26 oil and gas licences (of which 7 are production, one development and 18 exploration licences)	131 employees in Tunisia, Sweden, the Republic of Congo and the UK
11,200 barrels of oil per day were produced in average in 2009	78.9 million barrels oil equivalents: proven and probable reserves

Our position in the value chain

PA Resources has decided to operate in the initial phases of the value chain. This means that the Group explores to find new oil reserves, develops production facilities and produces crude oil. PA Resources is not involved in the refining of crude oil into oil products or in the sale of oil products to the end customer.

Strengths

Established and flexible organisation
Considerable opportunity for growth in value
Balanced and focused asset portfolio
Good relations with our host countries