Pertra Submits Proposed Environmental Program for Froy Redevelopment

Pertra is currently in the process of preparing plans for a redevelopment of the oil field Froy in the North Sea. Froy is located within the area comprised by Production License (PL) 364.

Pertra and Premier Oil Norge each hold a 50% license interest. Pertra is the operator of the license.

The field is located in Blocks 25/2 and 25/5, approximately 25 kilometers northeast of Heimdal. Froy was in production from 1995 to 2001, operated by Elf. At the time, merely 18 % of the remaining reserves were produced.

As operator of PL 364, Pertra has submitted a proposed Environmental Impact Assessment Program to the authorities concerned and to central industrial organizations for their comments. The present Environmental Impact Assessment Program proposal contains a preliminary project description as well as a description of the issues that will be addressed in detail in the Environmental Impact Assessment.

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