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RWE Dea Awarded 3 New Licences on the Norwegian Shelf

Source: www.gulfoilandgas.com 2/1/2011, Location: Europe

RWE Dea Norge has been awarded three promising licences in the recent APA 2010 licensing round by the Norwegian Ministery of Petroleum and Energy, of which one is in the North Sea and two are in the Norwegian Sea. This strengthens the company's long-term commitment on the Norwegian Shelf.

Licence PL 582, Blocks 6204/10 and 6204/11, was awarded to RWE Dea Norge as operator with a 40% share. In these blocks the company has defined promising opportunities in Cretaceous sandstone reservoirs. In Licence PL 589, Blocks 6406/2 and 6406/5, RWE Dea Norge was awarded 30% as partner. This licence is seen as a follow-up of the recent Zidane gas discovery made by RWE Dea Norge as operator in summer 2010. Both licences are situated in the Norwegian Sea.

In Licence PL 566S, Blocks 2/8, 2/9 and 2/11, RWE Dea was awarded a 30% share as partner. Two promising Cretaceous structures and several other leads have been definded in these blocks. This licence is situated in the North Sea.

These three new licences add up to RWE Dea Norge's already promising and solid licence portfolio in Norway. "Our engagement in the North Sea and the Norwegian Sea stresses our long-term commitment on the Norwegian Shelf." said Hugo Sandal, Managing Director of RWE Dea Norge. "We'll start immediately with the preparation of the exploration activities in these new licences."

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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