Noreco opts out of Zidane offshore Norway

Jan. 3, 2012
Norwegian Energy Company (Noreco) has completed the sale of its interest in Norwegian Sea license PL435 on the Haltenbanken to OMV Norge for $30 million.

Offshore staff

STAVANGER, Norway – Norwegian Energy Company (Noreco) has completed the sale of its interest in Norwegian Sea license PL435 on the Haltenbanken to OMV Norge for $30 million.

The concession includes the gas discovery Zidane-1.

Under certain conditions, Noreco is also entitled to an additional consideration if a discovery ensues from the forthcoming exploration well Zidane-2.

01/03/2012