Noreco applies for licenses in the UK 25th round
Noreco applies for licenses in the UK 25th round
Stavanger, 21 May, 2008: Norwegian Energy Company ASA (OSE:NOR),
Noreco today submitted applications for licenses in the UK 25th round.
Noreco today submitted applications for licenses in the UK 25th round.
- This is a milestone for Noreco, as it is the first time we participate in a licensing round in the UK. We are building a leading independent oil and gas company in the North Sea region, and the applications submitted today is a part of this process, says Scott Kerr, CEO of Noreco.
Noreco is already present on the UK continental shelf through its 20% share in the Huntington discovery. License awards in the 25th licensing round is expected later in the year or early 2009.
For further information, please contact:
Scott Kerr, CEO (+47 992 83 890)
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)