Neptune awarded six licenses in Norway

Neptune Energy today announced it has been awarded a total of six new licences in the Awards in Predefined Areas (APA) 2020, announced by the Norwegian Ministry of Petroleum and Energy.  

Neptune Energy has been awarded four licenses in the Norwegian North Sea and two licenses in the Norwegian Sea. All the licenses are located close to existing infrastructure in areas where Neptune already has a presence, and according to its exploration strategy to focus on key opportunities within existing core areas. 

In three of the licenses Neptune has been awarded operatorship. 
Neptune Energy’s Managing Director in Norway, Odin Estensen,  said: “We are very pleased with the APA 2020 awards. Through this licensing round, Neptune Energy continues to build a sustainable exploration portfolio in our core areas.

“The awards strengthen Neptune Energy`s growing position in Norway and emphasise the importance of the Norwegian Continental Shelf within our global portfolio.” 

The awarded licenses are: 
Norwegian North Sea (4):
•    PL1096 (20% and Partner) 
•    PL1105S (50% and Operator) 
•    PL1107 (40% and Operator) 
•    PL1110 (30% and Partner 

Norwegian Sea (2): 
•    PL1112 (20% and Partner) 
•    PL1113 (40% and Operator) 

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