North Energy ASA - New partnership and well in PL 510

Thu Jan 31, 2013 1:00am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link below:

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130131:nHUGcT9d




Alta, 31 January 2013 

North Energy has contributed to the establishment of a new partnership for Norwegian production
licence 510. Maersk Oil becomes the new operator with a 50 per cent holding and with partners
Edison (30 per cent) and North Energy (20 per cent).

PL 510 formed part of the 2008 awards in pre-defined areas (APA), and lies on the Halten Bank in
the Norwegian Sea close to several producing fields.

The decision has been taken to drill an exploration well in the licence, which adds a further firm
well to North Energy's drilling programme.

Contacts;

Erik Karlstrøm, CEO
Mob: (+47) 476 52 990 | E-mail: erik.karlstrom@northenergy.no mailto:erik.karlstrom@northenergy.no


Knut Sæberg, CFO
Mob: (+47) 918 00 720 | E-mail: knut.saeberg@northenergy.no mailto:knut.saeberg@northenergy.no 

Kristin Ingebrigtsen, Vice President of Strategy & PR/PA
Mob: (+47) 926 05 601 E-mail: kristin.ingebrigtsen@northenergy.no
mailto:kristin.ingebrigtsen@northenergy.no 

This information is mandatory under Section 5-12 of the Securities Trading Act. 


 




----------------------------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: North Energy via Thomson Reuters ONE


HUG#1671552