"The award of new licenses significantly adds to our exploration portfolio and represents another step towards building material business in Norway, a country that has seen some large discoveries recently," said Morten Jeppesen, Managing Director of Maersk Oil Norway.
"This license award boosts our strategy of focusing on the areas on the Norwegian Continental Shelf where Maersk Oil believes it can add most value through our technical expertise and experience," Jeppesen said.
Maersk Oil entered Norway in 2003 and holds a 20 percent share in both the Avaldsnes oil discovery and the Zidane gas discovery. It is currently drilling its first operated well at the T-Rex prospect. The next operated exploration well will be drilled later in 2012.
"The new licenses add to the success we have had in the South Viking Graben region, where the Avaldsnes discovery lies, and on the Halten Terrace area, home to the Zidane discovery. With two new operated licenses, our activity level will remain high in the coming years," Jeppesen said.
Maersk Oil in Norway was awarded the following licenses:
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you