L1 Energy is an oil and gas investment company controlled by the Russian billionaire
Mikhail Fridman, through
Alfa Group, and chaired by
Lord Browne.
On 2 March 2015, it was announced that Lord Browne was the executive chairman, and would be renouncing his other roles to build a major new oil and gas company from scratch.
L1 Energy will run
DEA AG
DEA Deutsche Erdoel AG was an international oil and gas company headquartered in Hamburg, Germany. It was a subsidiary of L1 Energy. In 2018, DEA owned stakes in oil and gas licenses in various countries and operated natural gas underground stor ...
, the purchase of which was announced in March 2014 that DEA for €5.1 billion. L1 Energy will seek to build a global oil and gas company through the acquisition of platforms in Europe, North America and South East Asia.
Advisory board
As of August 2017:
*
Lord Browne, former CEO of
BP
*
Tony Hayward, chairman of
Glencore
Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was c ...
*
Stan Polovets
Stan Polovets (born June 8, 1963) is an American businessman and philanthropist. He is known for his work in the international energy sector and for his innovative philanthropic initiatives.
Polovets played a notable role in the creation of TNK-B ...
*
Andrew Gould, former chairman of
BG Group
*
Charles Goodyear, former CEO,
BHP
*
Scott D. Sheffield, executive chairman and former CEO of
Pioneer Natural Resources
References
{{DEFAULTSORT:L1 Energy
Companies based in London
Oil companies of Russia
Energy companies established in 2015
Non-renewable resource companies established in 2015
2015 establishments in England