Norway: Noreco gets stake in Barents PL492 license

By OGJ editors

Norwegian Energy Co. has acquired from Lundin Petroleum and Det Norske a 20% interest in the PL492 license in the Barents Sea offshore Norway, subject to regulatory approval.

PL492 is in the western Barents Sea at the southwestern corner of the Loppa high. The license is on trend with several proven discoveries, including Skrugard 65 km north and the smaller Skalle discovery adjacent to the south.

Primary targets in PL492 are sandstone reservoirs of Triassic age. Potential has also been identified in the deeper Permian sequences. An exploratory well is planned for 2013-14.

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