Sequa Petroleum NV, the 100% owner of Tellus Petroleum has resolved to commence the liquidation process of Tellus Petroleum, see link to Sequa home page.
Tellus Petroleum was established in 2012 with the aim to acquire a portfolio of interests in small and medium sized producing fields and discoveries on the Norwegian Continental Shelf. We will actively contribute to increase value in producing fields and to enhance the development of discovered fields. Time critical satellite tie-backs to existing infrastructure and contributing to improved area solutions are important tasks where Tellus Petroleum will be involved. In september 2015 Tellus Petroleum was acquired by Sequa Petroleum N.V, a Dutch oil and gas company listed on the Euronext Marché Libre.
In December 2015 Tellus was approved as a new NCS player by the Norwegian Authorities.