Project Profile
Value: Undisclosed
Location: North of Skrugard and Havis, northwest region of the Barents Sea, Norway
Start-up Year: -
In the 22nd licensing round, the Norwegian Ministry of Petroleum and Energy has offered RWE Dea Norge a new production license as operator. The Norwegian government announced the results of the 22nd licensing round, where RWE Dea Norge was awarded a 40% share in the PL721 license. The license is located in the northwest region of the Barents Sea. 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% stake in the license.
Operators:
RWE Dea Norge: Operator with 40% interest
Repsol Exploration Norge AS: 20% interest
OMV (Norge) AS: 20% interest
Wintershall Norge AS: 20% interest