PETROLIA NORWAY AWARDED LICENCE IN APA 2012
Petrolia Norway AS, a subsidiary of Petrolia E&P Holdings SE, has been awarded a new licence in the 2012 Awards in Predefined Areas (APA) in Norway.
- Petrolia Norway is pleased with having been awarded a 50 per cent share in the promising PL674 licence, close to the Johan Sverdrup field. We are looking forward to working with the operator E.ON E&P Norge, holding 50 per cent of the licence, to develop PL674, says Managing Director Vidar Bergo Larsen in Petrolia Norway
The awarded licence is PL 674 in blocks 16/3, 16/6, 17/1, 17/2, 17/4, 25/12 and 26/10. E.ON E&P Norge AS is the operator with a 50 per cent share, Petrolia Norway hold the remaining 50 per cent of the licence.
Bergen, 16 January 2013
For further information, please contact:
Vidar Bergo Larsen
Managing Director
Petrolia Norway AS
Phone: +47 90 86 60 41
E-mail: vidar.bergo.larsen@petrolia.no
This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.
About Petrolia Norway AS
Petrolia Norway AS maximizes field potential through innovative exploration and increased oil recovery technology from mature areas on the Norwegian Continental Shelf, leveraging on the extensive industry experience of the Petrolia Norway team. Petrolia Norway AS is qualified as a licensee on the Norwegian Continental Shelf. The company currently holds 50 per cent of the PL674 license and 30 per cent of PL 506S, PL 506BS, PL 506CS and PL 506DS. The company is fully owned by Petrolia E&P Holdings SE, listed on the Oslo Stock Exchange, with offices in Bergen and Stavanger.
About Petrolia E&P Holdings SE
Petrolia E&P Holdings SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on Oslo Stock Exchange under the ticker code PDR. The core activity includes Petrolia Norway AS, an independent oil & gas company approved as a licensee on the Norwegian Continental Shelf. In addition, Petrolia E&P Holdings SE owns Independent Oil Tools Group, a leading rental equipment company for the global oil industry. The company employs a staff of around 250 highly competent employees worldwide.