Aker, Eni to share Norwegian licenses

Aker Exploration has signed agreements with Eni Norge to acquire interests in two licenses in the Norwegian Sea.

Oct. 25, 2007

Offshore staff

STAVANGER, Norway --Aker Exploration has signed agreements with Eni Norge to acquire interests in two licenses in the Norwegian Sea.

The company will take 30% of Eni's 100% interest in license 259, and its entire 55% ownership interest in license 256. These comprise blocks west of StatoilHydro's Aasgard field.

Aker Exploration has also secured a rig slot to explore this acreage, using theAker Barents semisubmersible rig, which is designed for year-round drilling in harsh environments. The company now has interests in four licenses in the Norwegian Sea: its goal is to drill five to seven exploration wells annually on its blocks, starting Nov. 2008.

10/25/2007