North Energy License Farm-Outs Approved

Norway's North Energy reported Wednesday that its farm-out deal with Spike Exploration for its PL 299 and PL 590 licenses, offshore Norway, has been approved by the Norwegian Ministry of Petroleum and Energy.

North reported on May 3 that it is selling 10 percent holdings in both licenses to Spike. Following the completion of the deals, North will retain 10 percent of PL 299 and 30 percent of Pl 590.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post 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.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PGS CEO To Take On Statoil Chair Role (May 30)
 -  Restrata Appoints Ex-Hostage Negotiato... (May 30)
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)


Most Popular Articles

From the Career Center
Jobs that may interest you
Global Business Development Manager
Expertise: Business Development
Location: Houston, TX
 
United States Canonsburg: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Canonsburg, PA
 
Dispatcher Level 1 and Level 2
Expertise: Logistics Management
Location: Denton
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours