Maersk Oil acquires 20% interest in PL435 licence in the Norwegian Sea
Friday 4. juni 2010 15:30
DENMARK/NORWAY: Maersk Oil today announced that it has acquired a 20% interest in the PL435 licence from Wintershall. The licence is located between the producing Heidrun field and the Victoria discovery near the Åsgard Field Complex and contains one firm exploration well expected to spud in June 2010.
If successful, a second exploration well is planned for 2011. Our partners are RWE (40% and operator), Noreco (20%) and Edison (20%).
“This is quality acreage and an important step in our process to build material production in Norway”, says Åke Hesselbom, Managing Director of Maersk Oil in Norway.
“We have a track record of maturing our exploration portfolio into commercial successes – this is also our ambition in Norway”, he adds.
Maersk Oil currently has 8 licenses in Norway with an ambition for fast growth in the Norwegian sector.
About:
Maersk Oil is a part of the A.P. Moller – Maersk Group and is a mid-size international oil and gas company with production in Denmark, Qatar, the UK, Algeria and Kazakhstan, and exploration activities in a number of locations globally. We operate more than 700,000 barrels of oil equivalent per day, and are one of the world’s top 25 independent oil and gas companies.
