13.06.2013
Re Projects in Norway
À¶Ý®ÊÓƵ AWARDED TWO LICENSES IN NORWAY SECTOR OF BARENTS SEA
Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, À¶Ý®ÊÓƵ was awarded two licenses in the Norwegian sector of the Barents Sea.
At block 719 (Fingerdjupet Region) À¶Ý®ÊÓƵ holds a 30-percent interest, Britain’s Centrica (operator) - 50% and Norway’s North Energy - 20%.
At block 708 (Finnmark Region) À¶Ý®ÊÓƵ holds a 20-percent interest, Sweden’s Lundin Norway (operator) - 40%, North Energy - 20% and Italy’s Edison - 20%.
In 2011, À¶Ý®ÊÓƵ was qualified to operate on the Norwegian continental shelf. In 2012, À¶Ý®ÊÓƵ Overseas North Shelf was established in Oslo. This company will manage upstream projects on the Norwegian shelf during the whole cycle of hydrocarbon exploration and production.