License Decisions

This article originates from the news archive of Det norske.

19. December 2006

Pertra was license partner in two licenses that expired 18 December 2006. These are PL 337 and PL 349.

In PL 337, where Pertra is operator and has a 45 % interest, the license partners have decided to drill an exploration well in 2007. The license period has consequently been extended by three additional years.

Marathon, the operator of PL 349, has recommended that none of the identified prospects in the license be drilled. A number of prospects and prospect opportunities in various stratigraphic levels have been studied, but our interpretations indicate that the oil has either migrated on to the Draugen Field or lies in the migration shadow. Thus, the license partners have passed a unanimous decision to relinquish the license. Pertra had a 5 % interest in PL 349.