Press Release – Sval Energy sign new Stavanger lease
90 North is delighted to announce the completion of a new 10-year lease to Sval Energy AS, who have taken all 10,358 sq.m. of an office property on Stavanger’s coast, the capital of the oil and gas industry in Norway.
The lease coincided with Sval Energy’s $1.1 billion acquisition of the Norwegian business of Spirit Energy, the largest transaction in the North Sea since 2019.
Quentin Warner-Smith, Senior Asset Manager at 90 North commented, “We look forward to working with Sval Energy, who have shown a long-term commitment to the property, with further property improvements to be undertaken and all their employees consolidating into our property.”