North Energy, Noreco swap assets offshore Norway

North Energy ASA and Noreco Norway AS have entered into an agreement on swapping interests in production licences offshore Norway.

These transactions mean that North Energy acquires 15 per cent of PL 484 in the Norwegian Sea and transfers a 10 per cent holding in PL 616 in the North Sea to Noreco.

PL 484 contains several prospects, with one – Verdande – drilled earlier this year. PL 616 includes the Haribo prospect, where it was recently decided to drill an exploration well – probably in mid-2015. The swap agreement is conditional on government approval, and its effective date has been set as 1 July 2014.

North Energy’s next exploration well will be on the Pingvin prospect in PL 713 west of the Johan Castberg discovery in the Barents Sea. This well is due to be spudded during August, and the company has a 20 per cent interest. Its partners are Statoil (operator) 40 per cent, RN Nordic Oil 20 per cent and Edison 20 per cent.

 

Press Release, August 14, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

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

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