OSLO, Norway – Rocksource ASA has concluded two license agreements offshore Norway.
The company is farming into production licenses PL455 and PL509. PL 455 takes in four part-blocks with oil prospects west of the Yme area. A drill-or-drop decision is due in 1Q 2014.
PL 509 is south of the Gullfaks area of the North Sea, and also has oil targets. If the North Energy-led consortium opts for an exploration well, this could be drilled during 1Q 2015.
Rocksource plans to participate in three Norwegian offshore exploration wells next year.