Bridge Inks Farm-Down of NCS License



Bridge has signed an agreement with Total E&P Norge for the farm-down of 40% working interest in PL554 and PL554B on the Norwegian Continental Shelf. After the transaction, Bridge Energy Norge AS holds a 20% interest in PL554 and PL554B. The agreement assumes transfer of operatorship to Total E&P Norge AS. Completion of the transaction is subject to consent by the license partners, the Ministry of Petroleum and Energy and the Ministry of Finance.