Lime farms into mid-Norway licenses

Offshore staff

KUALA LUMPUR, Malaysia -- Hibiscus Petroleum’s joint venture subsidiary Lime Petroleum Norway has negotiated farm-ins to two licenses in the Norwegian Sea.

Assuming regulatory approvals, Lime will take 5% stakes held by North Energy in PL591 and PL591B. Tullow is the operator and majority equity holder in both cases.

The licenses are in water depths of around 300 m (984 ft) in the Halten area of the Norwegian Sea, and contain the Upper Jurassic Zumba prospect.

Exploration drilling is due to start in the first half of 2015.


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


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...

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 ...