Noreco awarded eight licences in APA 2011
(Thomson Reuters ONE) -
Stavanger, 17 January 2012: Norwegian Energy Company (Noreco) has been awarded
eight new licences in the 2011 Awards in Predefined Areas (APA) in Norway.
"We are very pleased with these awards, which demonstrate the strong competence
in the Noreco team," says Lars Fosvold, Vice President Exploration. "Noreco is
one of the most active explorers in Norway, and these awards add exciting new
exploration opportunities to our portfolio".
Noreco has been awarded the following licences:
· PL414B (20 percent share) on blocks 25/2, 25/3, 25/5, and 25/6 is an
extension of licence PL414.
· PL616 (20 percent share) on blocks 2/7, 2/10, and 2/11 is just west of
the Valhall and Embla Fields in the Central Graben.
· PL620 (25 percent share) on block 9/6 is just southeast of the Yme
Field in the Egersund Basin.
· PL621 (25 percent share) on block 9/2 is between the Gamma og Beta
structures in the Yme Field in the Egersund Basin.
· PL624 (15 percent share) on blocks 16/6, 17/4, and 17/7 is southeast
of the Avaldsnes discovery and is situated at the transition between the Utsira
High and the Ling Graben.
· PL634 (30 percent share) on blocks 35/4, 35/5, 35/7, and 35/8 is
between the Sogn Graben and the Viking Graben just north of the Vega Field.
· PL639 (15 percent share) on blocks 6201/7, 6201/8, 6201/10, and
6201/11 is in the Møre Basin just north of the Manet Ridge where Noreco is
partner in licence PL519.
· PL646 (20 percent share) on blocks 6507/8 and 6507/9 is on the
Nordland Ridge southeast of the Skarv Field.
Contacts:
Einar Gjelsvik, CEO (+47 992 83 856)
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
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