Spring Acquired Marathon Interest in License 438

Source: www.gulfoilandgas.com 2/28/2011, Location: Europe

Spring Energy has agreed to acquire Marathon Petroleum Norge AS' 17.5 % interest in production license 438, located in the Barents Sea. An exploration well targeting the Skalle prospect is scheduled to be drilled in the license this summer.

Lundin is the Operator for PL438, while the other license participants are RWE Dea, Talisman and Petoro.

The transaction is subject to the necessary authority approvals.

Following this transaction, Spring Energy now holds a total of 25 licenses on the NCS.


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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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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