VNG Norge Wins Two Operatorships & Partnerships in APA 2016

Source: www.gulfoilandgas.com 1/17/2017, Location: Europe

The Ministry of Petroleum and Energy announced the Awards in Predefined Areas 2016. VNG Norge has been awarded the following:

PL 889: VNG Norge (operator) 60%; Concedo 40%.
PL 886: Lundin (operator) 40%; VNG Norge 20%; Centrica 20%; Petoro 20%.
PL 882: VNG Norge (operator) 40%; Concedo 30%; Petrolia 30%.
PL 867: Aker BP (operator) 40%; VNG Norge 30%; Statoil 30%.

«This is excellent news”, comments Erling Bergfjord, Director Exploration. “We were successful in acquiring all four licenses we applied for, and importantly two of them are operatorships. These two operatorships may also be seeds for further growth for VNG Norge in the future. PL 882 is due North of Snorre, and PL 889 is East of Heidrun.”

17 January offers were issued to 29 companies for 56 new production licences on the NCS. 36 of these new licences are in the North Sea, 17 in the Norwegian Sea and 3 in the Barents Sea.


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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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