An associated company submitted the application to Jarðfeingi under the country’s Open Door Licensing Regime.
Atlantic will hold a 40% carried equity interest in the company that is applying for the license.
A license may be issued following a public notice declaring receipt of the application. However, other interested parties may apply for the same area, or parts of it, subject to an application deadline of at least 90 days from the date of the public notice.
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.
