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North Energy ASA Contributes to Establishment of New Partnership in License 510 with AP Moeller Maersk A/S's Maersk Oil and Edison

Thursday, 31 Jan 2013 01:00am EST 

North Energy ASA announced that it has contributed to the establishment of a new partnership for Norwegian production license (PL) 510, where AP Moeller Maersk A/S's Maersk Oil becomes the new operator with a 50% holding and with partners Edison (30%) and North Energy (20%). 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 license, which adds a further firm well to North Energy's drilling program. 

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