Norwegian Energy Company ASA (Noreco) has entered into an agreement to farm-down exploration licenses PL271 and PL302 in Norway.
Offshore staff
STAVANGER -- Norwegian Energy Company ASA (Noreco) has entered into an agreement to farm-down exploration licenses PL271 and PL302 in Norway. Faroe Petroleum will earn a 15% share in the license by carrying Noreco's costs for drilling the Yoda well. Noreco's interest in the licenses after the transaction will be 15%.
