Lundin brings Bayerngas into Norwegian Continental Shelf license
Oct 01, 2009 02:00 AM
Lundin Petroleum has announced that it has entered into a farm-out agreement with Bayerngas Norge in respect of
licence PL409. Bayerngas will acquire a 20 % interest in PL409 in Block 16/7 on the Norwegian Continental Shelf.
PL409, located south of the Luno Area and east of the Sleipner field contains several prospects and leads.
The farm-out agreement is subject to approval by Norwegian authorities.
Lundin Petroleum is the operator of PL409 and will have 70 % working interest after the farm-out to Bayerngas with StatoilHydro holding the remaining 10 %.
Source / Lundin Petroleum
