Rocksource in Norway farm-in negotiations

Offshore staff

OSLO, Norway – Rocksource has entered into agreement for a 15% interest in an unnamed production license in the Norwegian Sea.

The existing partners are expected to make a drill or drop decision later this fall. If the outcome is positive, an exploration well could follow next year.

Mapping suggests the license includes low- to medium-risk oil prospects. A potential discovery could be tied back to existing infrastructure nearby.

Final agreement is pending approval from Norway’s government.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...