HitecVision merges three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf. The new company already has significant activity on the NCS, and will engage in both exploration, development and production.

The current market situation provides many opportunities for companies with a strong capital base, and Point Resources will therefore be provided with NOK 3.5 billion for further growth through development of discoveries as well as acquisitions.

Tags: HitecVision