CNOOC to lead offshore Iceland license group
Orkustofnun, Iceland’s National Energy Authority, has granted its third license in the offshore Dreki area.
CNOOC Iceland will operate with 60 % interest, in partnership with Eykon Energy (15 %) and Petoro Iceland (25 %).
Applications for the third licensing round for the Dreki area between Iceland and Norway closed last April.
The other successful consortia were Ithaca Petroleum, Kolvetni and Petoro Iceland; and Faroe Petroleum Norge, Íslenskt kolvetni, and Petoro Iceland.