Maersk Oil awarded licence in Norway

Maersk Oil announces that it has been awarded a 30% non-operated share in Licence PL597 on the Halten Terrace offshore Norway in the 21st Licencing Round.

The operator of the licence is VNG Norge A/S (40%) with Dana Petroleum Plc as partner (30%). Together with Maersk Oil, the partners are committed to carrying out seismic data reprocessing leading to a decision whether to drill an exploration well.

“This licence award fits well with Maersk Oil’s strategy of building up a strong exploration portfolio in our chosen focus areas in Norway. It adds to our current interests in four other licences on the Halten Terrace,” said Morten Jeppesen, Managing Director of Maersk Oil Norway.

“We are committed to growing our business in Norway through exploration and acquisitions to build a significant portfolio of exploration and producing assets in the coming years,” Jeppesen said.
Source: Maersk Oil