Project Profile
Estimated value: US$4.34 billion
Location: Barents Sea, Norway
Block: 7122/10
Estimated reserves: 174 MMbo
Water depth: 400 metres
Production license 697 was awarded on February 8, 2013, in APA 2012. The license was granted in February 2013 and is valid until February 2020. The area in this licence consists of the north-western half of block 7122/10. Eni Norge AS is the operator with an ownership interest of 70%. The other licensees are Edison Norge AS and Concedo ASA. The licence is estimated to contain 174 MMbo reserves.
Operators:
ENI: 70% interest
Edison Norge AS: 20% interest
Concedo ASA: 10% interest