Altinex Oil Pre-Qualified on Norwegian Shelf

Altinex Oil AS has been pre-qualified as a licensee on the Norwegian Shelf. In connection with the wish to bring new, competent players to the Norwegian continental shelf, the Norwegian authorities have established a pre-qualification system for both licensees and operators.

This system has been set up to give the companies a means of assessing their own suitability for participating on the Norwegian continental shelf, before the companies invest resources in evaluating specific business opportunities.

Altinex Oil will pursue value creation through opportunities in existing oil and gas fields, small discoveries as well as exploration in mature areas.