In the announcement of new licenses published today, Pertra AS was awarded the operatorship of a license in Quadrant 25, situated centrally in the North Sea. The license, Pertra's top priority, encompasses the closed-down Frøy Field, where Elf produced oil in the 1995-2001 period. The work program includes Pertra shooting 100 square kilometers of new 3D seismic. Pertra has already secured a vessel by entering into contract with Fugro-Geoteam.
The seismic data acquisition will be carried out by the R/V "Polar Princess" and is scheduled to start in the middle of March 2006 and be completed in early May.
"In a market characterized by a shortage of seismic data acquisition capacity, we are very pleased with having achieved a start-up early in the season, thus ensuring progress in the project and compliance with our exploration obligations", comments the Exploration Manager in Pertra, Tom Bugge.
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