EMOV is an independent international energy company set up to acquire and operate energy assets in three target geographies: central Europe, the Caspian region and Latin America. The company has an operating subsidiary in central Europe that manages (i) a carbon capture and storage business, (ii) an oil and gas production business and (ii) a midstream infrastructure business. EMOV has also originated opportunities in the Caspian region and Latin America where the team has operating experience and an active network.
As major oil companies reduce their presence in mature oil and gas basins and emerging markets, there is an opportunity for experienced, entrepreneurial operators to acquire and develop high-quality energy assets that will meet the increasing demand for energy with a lower-carbon footprint.
In December 2022, EMOV completed its acquisition of Sand Hill Petroleum B.V., a private company with upstream and midstream assets in Hungary and Romania.
In February 2023, EMOV became the largest shareholder of Nostrum Oil and Gas, UK-listed independent oil and gas company with assets in the Caspian region. EMOV acquired 18.9% of Nostrum's issued shares.
EMOV aspires to a high standard of compliance and corporate governance to meet the high expectations of its stakeholders and to comply with all regulatory requirements in the markets it operates in.