Endeavour Awarded Norwegian Exploration Blocks
Endeavour International's subsidiary Endeavour Energy Norge AS has been awarded interests in two production licenses, one as operator and the other as a participant, in the Norwegian North Sea. The awards were made as part of the 2005 Awards in Predefined Areas (APA) held annually by the Royal Norwegian Ministry of Petroleum and Energy.
"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.
- 'Oil Facts' App Wins Norwegian Award (Mar 06)
- Norway Takes New Approach to Naming Offshore Fields (Sep 21)
- Ministry of Petroleum and Energy Unveils 21st Licensing Round (Jun 23)
Company: Endeavor Natural Gas more info
- Endeavour Sees Loss in 1Q06 (May 04)
- Endeavour Awarded Norwegian Exploration Blocks (Dec 15)
- Endeavour Reports 3Q05 Loss (Nov 03)