Storm Ventures International Inc.

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Storm Ventures International Inc.(SVI) is a private Canadian oil and gas exploration and production company with current operations focused in North Africa and the North Sea managed from offices in Calgary, Aberdeen and Tunis. The Company began in June 2003 and to December 2008 had raised $121 million to identify and secure a balanced portfolio of exploration and exploitation opportunities in proven hydrocarbon provinces that are characterized by competitive fiscal terms, low political risk and an abundance of opportunities. This scenario occurs often in hydrocarbon basins where remaining potential is commonly thought to be below the economic threshold required to develop or below a materiality threshold for the larger players. Technology applications developed in the relatively mature basins in North America, a lower cost structure with greater focus, and historically high commodity prices supporting a lower economic limit.

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Storm is actively exploring offshore in the Tunisian portion of the Mediterranean Sea and is an exploration and production operator in the UK sector of the North Sea. It is quickly gaining experience operating in some of the most challenging operating conditions and stringent regulatory environments in the world. It has operated 5 wells to date in the UKCS and were the development operator of the Victoria gas field in 2008.It is also investing in purpose built technologies that will make it a profitable developer of marginal fields, which will allow it to access both brownfield and new exploratory opportunities.


 Associated Articles

Storm Ventures to Drill Fuchsia-1 in Hammamet
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Gulf Oil and Gas
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