M Vest Energy AS was founded in 2015. In March 2016 the assets of Atlantic Petroleum Norway AS was bought out by the management, together with investors Trond Mohn and Lars Moldestad.
In December 2016 M Vest Energy was qualified by the Ministry of petroleum and energy as a license holder on The Norwegian Continental Shelf. The company has a long term goal of being a fully functioning energy business with income from production, that will be channeled towards future exploration and development.
History
The history of M Vest Energy dates back to 2011, when Jonny Hesthammer – together with his colleagues Susanne Sperrevik and Aris Stefatos – established the oil company Emergy Exploration. The company was pre-qualified as a license holder on the Norwegian Continental Shelf in 2012. Later that year the company was acquired by Atlantic Petroleum P/F. Until 2016, Atlantic Petroleum Norge AS had the responsibility for the company´s activities on The Norwegian Continental Shelf and focused mainly on exploration licenses and the development of these.
In 2016 the company´s activa and staff were acquired by M Vest Energy AS, a company owned by the management of Atlantic Petroleum Norway, together with M Vest AS (Trond Mohn and Lars Moldestad). In December 2016, the new energy business was approved as a license holder on The Norwegian Continental Shelf, and in January 2017 M Vest Energy was awarded its first license by the awarded its first license by the Ministry of petroleum and energy in the licensing round, APA 2016
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