News

Award of 5 new licences

22.01.2014

    

OSLO, Norway, 22 January 2014 – Lime Petroleum Norway AS (“Lime Norway”) is pleased to annonce that it has been awarded five new offshore licences in the 2013 Awards in Predefined Areas (APA 2013). The APA 2013 saw 48 companies being offered participation in a total of 65 new production licences on the Norwegian shelf; a new record both in the number of production licences and the number of companies.

The 5 APA awards consists the following licences:

Licence

Location

Lime Norway’s Stake

Operator

PL 498 B

North Sea

25%

Lotus Exploration and Production Norway AS

PL 503 C

North Sea

12,5%

Lotus Exploration and Production Norway AS

PL 762

Norwegian Sea

20%

Noreco Norway AS

PL 769

Barents Sea

20%

OMV (Norge) AS

PL 770

Barents Sea

20%

Edison International Norway Branch

 

* * *

Lime Norway is a wholly-owned subsidiary of Lime Petroleum Plc. Lime Petroleum Plc is a jointly-controlled entity by Rex International Holding (65%) and Hibiscus Petroleum Berhad (35%).