Each award is contingent on Pertra's acceptance of the award terms.
President of Pertra AS; Erik Haugane says is very pleased that Pertra was awarded the acreage, especially since it was awarded 100% of the acreage applied for.
Pertra is currently the operator of the Varg field located in Production License 038 (Block 15/12) in the Norwegian sector of the North Sea with 70% interest while co-venturer Petoro AS holds the remaining 30%.
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