Wintershall Snags Licenses in Norway's 21st Licensing Round

Wintershall Snags Licenses in Norway's 21st Licensing Round

Monday, April 18, 2011
Wintershall AG

The Norwegian Ministry of Petroleum and Energy has assigned Wintershall Norge two new licenses in the 21st Licensing Round. Wintershall is the operator of both licences. A total of 24 production licenses were awarded on the Norwegian Continental Shelf (NCS), 12 in the Barents Sea and 12 in the Norwegian Sea. "We are pleased with the results from this round. The Norwegian Continental Shelf is one of Wintershall's core regions, and we are continually building business and commitment in Norway," said Martin Bachmann, Member of the Board of Executive Directors responsible for Exploration and Production.

In June 2010 the Ministry announced 94 licenses for which 37 companies applied. Wintershall received license PL611 in the Barents Sea (in blocks 7223/3 and 6, and 7224/1, 2, 3, 4, 5). Germany's largest E&P company will be the operator with a 40% interest, Faroe Petroleum Norge holds 40% and Petoro 20%. In the Norwegian Sea, Wintershall will be the operator of PL601 in the blocks 6609/3 and
6610/1 in the Nordland III area. The company will own a share of 40%. Rocksource, North Energy and Edison International Norway Branch each hold 20%.