In the APA 2005 license awards announced on 15 December by the Norwegian Ministry of Petroleum and Energy, all of Pertra`s license applications were recognized.
"The APA 2005 we find very interesting. Throughout the application work, we have managed to identify several very attractive blocks. This license award is overwhelmingly positive. As of today, Pertra is operator of four production licenses which most probably require an expansion of our organization”, states Managing Director Erik Haugane.
The newly acquired production licenses more that double Pertra`s share on the Norwegian continental shelf. In the four blocks Pertra has received shares of 50%, 50%, 50% and 70%. An extensive volume of 3D seismic is required in one of the licenses awarded by the Norwegian Ministry of Petroleum and Energy. Pertra has successfully secured sufficient capacity to carry out the seismic requirements on the Frøy field as early as Spring 2006.