RWE Dea Norge awarded operatorship in new license

RWE Dea Norge awarded operatorship in new license

In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator.
RWE Dea Licence PL721The Norwegian government announced the results of the 22nd licensing round, where RWE Dea Norge was awarded an 40% share in the PL721 license. The license is located in the north-west region of the Barents Sea.
“This is an exciting prospect. Exploration is moving northwards in the Barents Sea, and the license is a promising addition to our portfolio”, says John Clark, Exploration Manager of RWE Dea Norge.
“We are pleased to have been awarded the operatorship in this license, which increases our presence in the western region of the Barents Sea. RWE Dea Norge is seeking to strengthen and expand our license portfolio, whilst continuing to develop our current licenses as operator or partner”, says Hugo Sandal, Managing Director of RWE Dea Norge. “We are very appreciative that the Ministry of Petroleum and Energy recognizes this by awarding us operatorship on this exciting new license and we are glad to be one of 13 companies awarded operatorship in the region in this round.”
The award supports RWE Dea Norge’s long term strategy to build a strong portfolio in on the Norwegian Continental Shelf, which the company views as very promising. The PL721 license is located north of Skrugard and Havis, two of the most significant discoveries made on the Norwegian Continental Shelf in recent years. RWE Dea Norge’s partners on PL721 are Repsol Exploration Norge AS, OMV (Norge) AS and Wintershall Norge AS, each with a 20 percent stake in the license.
Notes to the editors
About RWE Dea Norge
Following today’s announcement, RWE Dea Norge has a license portfolio of 39 licenses on the Norwegian Continental Shelf. On eight of these, the company is operator, and we are currently in the process of developing our recent discovery on the PL435 Zidane license. RWE Dea Norge has more than 100 employees at its offices in Oslo, and has been present in Norway for 40 years.
Background information
RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies, putting its many years’ experience acquired to good use. RWE Dea has set new standards in the fields of safety and environmental protection.
RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark, Egypt and Algeria and holds exploration concessions in Ireland, Libya, Mauretania, Poland, Suriname, Trinidad & Tobago and Turkmenistan. Moreover, in Germany, RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe’s largest energy utilities.
Source: rwe.com
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