Chrysaor Awarded 8 Licences in Norway in APA 2019

Source: www.gulfoilandgas.com 1/16/2020, Location: Europe

On the 14 January 2020 the Norwegian APA 2019 Offshore Licensing Round (Awards in Predefined Areas) were announced. Chrysaor Norge was awarded a total of eight licences with a variety of work programs, including a firm well and a number of drill-or-drop commitments. Three of the licences are operated by Chrysaor Norge with the remaining five operated by either Equinor, AkerBP, Lundin or OMV. The licences cover a number of discoveries and play types with some located along the median line, close to existing Chrysaor infrastructure in the UK.

Commenting on the award, Phil Kirk, CEO of Chrysaor said:
'We set out to grow our Norwegian business both organically, through the drill bit; and through acquisitions. These new licence awards add to our existing interests and mean we already have an exciting portfolio of opportunities in Norway and a highly competent Oslo based team working that acreage. Norway is a world class exploration province with a high degree of prospectivity and substantial infrastructure. We are currently planning our first two operated Norwegian wells on PL973 and are now looking forward to working with our partners and operators on our new APA 2019 licence awards. In time our ambition is to build a Norwegian exploration and production business to match our position in the UK.'


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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 

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