Det Norske builds stake in North Sea Ivar Aasen extension

Offshore staff

TRONDHEIM, Norway – Det norske oljeselskap and E.ON E&P Norge have agreed to exchange interests in two licenses offshore Norway.

E.ON will transfer 20% of PL 457 in the central North Sea to Det Norske. The concession is east of and adjacent to PL 001B which contains the Det Norske-operated Ivar Aasen field.

Wintershall’s discovery in late 2012 confirmed an extension of the field into PL 457. Unitization discussions between the two sets of license partners should be concluded soon.

Assuming approval from Norway’s authorities, Det Norske’s interest in the license will rise to 40%.

In exchange E.ON will receive 15% of Det Norske’s 35% stake in PL 613 in the Barents Sea, 10% of PL 676 S in the North Sea, and a cash consideration.

06/26/2014

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

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...