Aker to boost stake in Voering license

Aker Exploration is set to acquire Chevron Norge’s 12.5% stake in Norwegian license PL 283 in the Voering basin, lifting its interest to 25%.

Offshore staff

OSLO -- Aker Exploration is set to acquire Chevron Norge’s 12.5% stake in Norwegian license PL 283 in the Voering basin, lifting its interest to 25%.

The license will be partly relinquished to the Norwegian authorities on June 14. Aker and its partners StatoilHydro (operator), ConocoPhillips, Petoro, and Centrica will retain an area comprising several potentially strong prospects.

Prospectivity may be influenced by the outcome of Norske Shell’s current well on the nearby Gro prospect, says Aker Exploration’s President Bard Johansen.

In time, Aker Drilling’s new harsh environment semi Aker Barents could drill on this acreage, Johansen added. The rig is due to be delivered by end-June, and already has wells lined up on PL 469, operated by GdF Suez, and on PLs 321 and 460, operated by Det norske oljeselskap.

Aker Exploration currently has interests in 21 licenses on the Norwegian shelf, and will shortly participate in an exploratory well on the Lundin-operated PL 304 using the Songa Dee rig.

In April, Aker gained interests in four licenses under Norway’s 20th round awards, comprising one in the Barents Sea and three in the Norwegian Sea, in the process doubling its risked reserves to 250 MMboe.

06/09/2009

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