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Sea Oil acquires Pro Fuels' bunker business in Norway

Former Pro Fuels team become employees of new firm Sea Oil Petroleum AS.

Image credit: Sea Oil Petroleum Pte Ltd

Updated on 08 Feb 2021 11:19 GMT

Sea Oil Petroleum Pte Ltd - the Singapore subsidiary of Bangkok-based Sea Oil Public Company Ltd - has acquired the bunker trading business and operations of Norway's Pro Fuels AS.

As part of the acquisition, Sea Oil Petroleum AS has been formed in Norway, and the former Pro Fuels team - Anette Kaalstad, Kennet Bollerød, Kristian Kihle and Martin Haugen - become employees of the new firm.

Pro Fuels AS was established in 2018 by a group of experienced marine fuel industry professionals and has recorded "steady and rapid growth since incorporation", according to Sea Oil Petroleum.

Kennet Bollerød, General Manager at Sea Oil Petroleum AS, explained: "Our growth has been steady as expected, and we have for a period now been looking for a solid partner to take our business to the next step. To find a partner, who believed in us, and want to support and further grow the business through the way we have been doing business for the last few years, was important to us. Our value proposition has been supported and cherished by our clients, and I know we will still provide our clients with the same good service, which we are known for now under the Sea Oil brand."

Commenting on the acquisition, Koh Kuan Hua, Director of Sea Oil Petroleum Pte Ltd, remarked: "I'm pleased to welcome the Norwegian team into our family. Their addition to the team will allow us to reach out to new markets, which is an important part of Sea Oil's expansion strategy.

"I'm sure that with the team's strong business acumen and documented experience, they will succeed in building Sea Oil into an even stronger brand for the future and be the preferred choice for our clients when looking for refuelling on a global scale. I'm looking forward to deliver a better product to serve our clients by combining the strengths of two companies that have succeeded in different regions together as one."

Established in 1997, Sea Oil Public Company Ltd has been listed on the Stock Exchange of Thailand since 2013. The core business areas of the group are the trade and supply of marine fuels, lubricants and other petroleum products; exploration and production; refining; as well as onshore and offshore supply service management.

Sea Oil's largest shareholder, with a 45.04 percent stake, is Nathalin Group, which is one of Thailand's largest independent operators of petroleum and chemical tankers as well as owner of a 7.68-megawatt solar power plant and a 45-megawatt wind farm in the country.

The contact details for Sea Oil Petroleum AS have been provided below.

Ramdalveien 6
Nøtterøy N-3128

Anette Kaalstad, Sales Manager
Office: +47 90 12 55 00
Mobile: +47 911 41 511
Email: anette@seaoilpetroleum.com

Kennet Bollerød, General Manager
Office: +47 90 12 55 00
Mobile: +47 911 44 930
Email: kennet@seaoilpetroleum.com

Kristian Kihle, Business Development Manager
Office: +47 90 12 55 00
Mobile: +47 941 77 867
Email : kristian@seaoilpetroleum.com

Martin Haugen, Operations & Technical Manager
Office : +47 90 12 55 00
Mobile: +47 942 99 750
Email : martin@seaoilpetroleum.com

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Related Links:

·  Sea Oil Petroleum AS [Directory]

·  Sea Oil Petroleum Pte Ltd [Directory]

·  Norway [Directory]

·  Thailand [Directory]