Total takes charge of Norway permits

Total E&P Norge is set to farm into two Norwegian licenses, following an agreement with Bridge Energy.

Offshore staff

OSLO, Norway -- Total E&P Norge is set to farm into two Norwegian licenses, following an agreement with Bridge Energy.

The transaction would give Total a 40% interest in license PL554 and 554B, with Bridge’s stake reduced to 20%.

The arrangement is subject to approval from the other license partners and Norway’s Ministry of Petroleum and Energy.

02/22/2011

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