Provaris Energy sets up Oslo base to capitalise on European opportunities
“The company has experienced an increase in opportunities across many supply and demand hubs in Europe, so it makes sense to be closer to technical partners, suppliers and off-takers." CEO Martin Carolan said.
Provaris Energy Ltd (ASX:PV1) has established its European corporate office in Oslo, Norway, and registered a subsidiary known as Provaris Norway AS.
The move is designed to capitalise on Europe’s position as a key region of focus for commercialisation activities: Oslo is an established hub for gas-carrier companies, with access to ship owners, engineering companies and equipment suppliers.
The company will relocate its chief technical officer Per Roed to speed up the growth in the region.