PETROLIA NORWAY AWARDED LICENSES IN THE APA 2014

Petrolia Norway AS, a fully owned subsidiary of Petrolia SE, has been awarded 3 new licenses in the 2014 APA (Awards in Predefined Areas).

Petrolia Norway is pleased to have been awarded 35 per cent of license PL 674 CS, 30 per cent of license PL 781 and 30 per cent of license PL 774 in the APA 2014.  

Following the APA 2014 Petrolia Norway is a partner in 13 licenses on the Norwegian Continental Shelf.

Limassol/Bergen, 20 January 2015

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)

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

About Petrolia Norway AS

Petrolia Norway AS maximizes field potential through innovative exploration in 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 is fully owned subsidiary of Petrolia SE, listed on the Oslo Stock Exchange, with head office in Limassol, Cyprus, and regional offices in Oslo and Bergen.

About Petrolia SE

Petrolia SE has three business segments: E&P, Drilling & Well Technology and OilService and is listed on the 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, and a group of leading rental equipment companies for the global oil industry. Petrolia SE employs a staff of around 330 highly competent employees worldwide.