Four awards for Idemitsu in APA 2011

19. januar 2012

IPN has been awarded shares in four production licenses in the Awards in Pre-defined Areas 2011, three in the Northern North Sea and one in the Barents Sea.

Licensees, operators and license equity are as follows:

PL 630 – block 31/1, 35/10

Statoil (Operator)

40 %

Agora Oil                    

20 %

Idemitsu

20 %

GDF Suez                   

20 %


PL 636 – block 36/7

GDF Suez (Operator)   

50 %

Idemitsu

30 %

Spring

20 %


PL 638 – block 34/2, 34/3, 34/6, 35/1, 35/4

BG (Operator)              

36 %

Idemitsu  

20 %

Wintershall  

16 %

RWE Dea                       

 8 %

Petoro

20 %


PL 609 B – block 7120/1, 7120/2

Lundin (Operator)         

40 %

Idemitsu   

30 %

RWE Dea

30 %


- We are very pleased about these four awards. They all serve to strengthen Idemitsu's presence in two NCS provinces of great interest to our company and where we are firmly established, comments Idemitsu Petroleum Norge MD Teruyuki Takahashi.
 
APA 2011 license location map
Details concerning APA 2011 license terms and work obligations