"These license awards represent another significant step forward in our strategy to establish a strong exploratory presence in Norway," said William L. Transier and John N. Seitz, co-chief executive officers. "In only a year, we have established a position in the Norwegian North Sea that includes interests in two producing fields, 12 production licenses and qualification as an operator."
Endeavour will operate and hold a 50 percent interest in PL 354 that comprises open areas in Blocks 1/9, 2/7, 2/10 and 2/11 in the greater Ekofisk area located in the southernmost part of the Norwegian sector of the North Sea. The area is also adjacent to Blocks 31/26b, 31/21b and 31/27b held by Endeavour in the United Kingdom Continental Shelf. The second license, PL 363, is located further north in Block 25/5 and east of the Alvheim development area. Endeavour will hold a 40 percent interest in that license.
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