Lime Petroleum Norway AS awarded one new licence in APA 2014



Oslo, Norway, 21 January 2015 – Lime Petroleum Norway AS ("Lime Norway") has been awarded one new offshore licence in the 2014 Awards in Predefined Areas ("APA 2014") round. The licence is PL591C, and will be an addition to the existing licence PL591 held by the same partnership which comprises the parties Tullow Oil Norge AS (operator) holding a 80 per cent stake, North Energy ASA ("North Energy ") holding a 15 per cent stake and Lime Norway holding a 5 per cent stake. PL591C covers flock 6507/11 and is located in the Norwegian Sea. The Zumba prospect in PL591 is scheduled for drilling in mid 2015 and the new licence secures an extension of this prospect. 

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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%).