Noreco adds Barents Sea licence
(Thomson Reuters ONE) -
Stavanger, 4 July 2012: Norwegian Energy Company (Noreco) has entered into an
agreement with Lundin Petroleum (operator) and Det Norske to acquire a 20
percent interest in licence PL492 in the Barents Sea.
Licence PL492 is located in the western Barents Sea, on the southwestern corner
of the Loppa High. The license is on trend with several proven discoveries,
including Skrugard 65 kilometres to the north and the smaller Skalle discovery
in the neighboring block directly to the south. The primary target in the
license is sandstone reservoirs in the Triassic interval. Additional potential
has also been identified in the deeper Permian sequences. An exploration well is
being planned for 2013/14.
The agreement is subject to approval by Norwegian authorities.
Contact:
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)
Licence map:
http://hugin.info/138447/R/1623704/519093.pdf
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Source: NORECO via Thomson Reuters ONE
[HUG#1623704]
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2012 - 08:30 Uhr
Sprache: Deutsch
News-ID 162348
Anzahl Zeichen: 1685
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Noreco adds Barents Sea licence"
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