Noreco reduces Xana ownership

Norwegian Energy Company ASA (Noreco) is reducing its ownership in licence 9/95 on the Danish continental shelf from 20.1 per cent to 16 per cent.

The licence is located close to the gas discovery Svane, in the Danish sector of the North Sea. The ownership is being transferred to Nordsøfonden, which is the Danish State’s oil and gas company.

As previously reported, drilling of the exploration well 9/95 Xana started in December with jack-up drilling unit Noble Sam Turner.

According to Noreco, the transfer of ownership has already been approved by the Danish authorities and becomes effective immediately. Nordsøfonden will consequently carry its share of the costs related to the Xana well.

After the transactions, the ownership in the 9/95 license is as follows (previous ownership in brackets):

Maersk Oil 34 % (42.6 %)
DONG E&P 20 % (27.3 %)
Noreco 16 % (20.1 %)
Danoil Exploration 10 % (10 %)
Nordsøfonden 20 % (0 %)

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply