Burren Energy

From Wikipedia, the free encyclopedia

Burren Energy plc (LSE: BUR) is a British oil exploration and production company founded in 1994 by former CEO and current president Finian O’Sullivan. The company originally began as an oil transportation company in the Caspian Sea region, but later diversified into oil production in Turkmenistan, and in 2002 acquired Tacoma Resources, a company developing oil reserves in the Republic of Congo.

The company floated on the London Stock Exchange in late 2003, and is part of the FTSE 250 index. In February 2005, the company acquired a 26% stake in Indian firm Hindustan Oil Exploration,[1] and was awarded two exploration contracts in Egypt.[2] The company expanded exploration into Yemen and Oman in January 2006.[3]

On November 30, 2007 Burren agreed to be acquired by Italian energy giant Eni in a deal valuing the company at £1.73 billion.[4]

[edit] References

  1. ^ "Burren making Indian oil purchase", BBC News Online, 15 February 2005. Retrieved on 2007-12-22. 
  2. ^ "Burren awarded Egyptian contracts", BBC News Online, 16 February 2005. Retrieved on 2007-12-22. 
  3. ^ "Burren Energy moves into Yemen and Oman", Sharecast, 16 January 2006. Retrieved on 2007-12-22. 
  4. ^ Bergin, Tom. "ENI to buy Burren Energy for 1.7 bln", Reuters, 30 November 2007. Retrieved on 2007-12-22. 

[edit] External links

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