Noreco Applies for North Sea Licenses in UK's 25th Round

Noreco has submitted applications for licenses in the UK 25th round.

"This is a milestone for Noreco, as it is the first time we participate in a licensing round in the UK," said Scott Kerr, CEO of Noreco. "We are building a leading independent oil and gas company in the North Sea region, and the applications submitted today is a part of this process."

Noreco is already present on the UK continental shelf through its 20% share in the Huntington discovery. License awards in the 25th licensing round is expected later in the year or early 2009.