Neptune Energy awarded 13 licenses in Norway’s continental shelf

1/14/2020

OSLO - Neptune Energy has today been awarded a total of 13 new licenses in the Awards in Predefined Areas 2019, announced today by the Norwegian Ministry of Petroleum and Energy.

Neptune was awarded four licenses as operator and nine as a partner, supporting the company’s growth ambitions in what is a key geographic area for the business.

The licenses are:

• PL636 Neptune Energy Operator and 30% interest

• PL1053 Neptune Energy Operator and 60% interest

• PL1062 Neptune Energy Operator and 40% interest

• PL1063 Neptune Energy Operator and 60% interest

• PL055 Neptune Energy 4.44% interest

• PL093 Neptune Energy 7.56% interest

• PL867 Neptune Energy 30% interest

• PL1002 Neptune Energy 40% interest

• PL1035 Neptune Energy 30% interest

• PL1041 Neptune Energy 30% interest

• PL1051 Neptune Energy 20% interest

• PL1052 Neptune Energy 20% interest

• PL1054 Neptune Energy 30% interest

Odin Estensen, managing director of Neptune Energy in Norway, said “The awards support our strategy to grow operatorship and acreage in and around our core areas. Through this latest licensing round we have secured four more awards than in 2019, a record for our company in Norway.”

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