Global Leader in International Oil and Gas Industry News

posted in:

Bridge Energy ASA announces licence award in the Norwegian APA 2012 licensing round

Thursday, Jan 17, 2013

Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE: BRIDGE/ AIM: BRDG.L), is pleased to note the press release by the Norwegian Ministry of Petroleum and Energy confirming that Bridge has been awarded a licence with 40% interest and operatorship in block 6407/4 off Mid-Norway in the 2012 Norwegian APA licensing round, together with the partners Svenska Petroleum (30%) and Bayerngas (30%).

The working obligation includes reprocessing of 3D seismic together with geological and geophysical evaluations ahead of a drill-or-drop decision within two years after award. The licence is located in a highly prospective area in the Norwegian Sea, close to the Mjøsa prospect, in which Bridge will participate in a well in 2013.

A full copy of the announcement is available on the website of the Ministry of Petroleum and Energy at www.oed.no.

Tom Reynolds, CEO of Bridge Energy, commented:

"This represents a valuable addition to the Company's licence portfolio which has the potential to add further drillable targets in the future. This successful application, together with the commercial discoveries and acquisition of Boa, confirm 2012 as a very positive year for Bridge, laying the foundation for further success in the future."

Source: Bridge Energy ASA

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

AVEVA provides Integrated Engineering & Design solutions to TOTAL E&P Nigeria Limited 18-04-2014
Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014