31. August 2010
E.ON Ruhrgas Norge and Norwegian Energy Company ASA (Noreco) have entered into an agreement whereby Noreco will acquire a 20 % interest in PL434 in the Norwegian Sea by carrying a share of E.ON Ruhrgas Norges`s drilling cost. EON Ruhrgas Norge will retain a 10 % interest in PL 434. The licence includes the Ronaldo prospect, which is scheduled to be drilled in January 2011.
"The farm-out to Noreco for a carried cost interest in the Ronaldo exploration well is a good example of how we are upgrading and optimizing our exploration opportunities ", says Haakon Haaland Managing Director of E.ON Ruhrgas Norge.
Licence PL434 is located in the Norwegian Sea, north-east of the Heidrun Field. The main target in the Ronaldo prospect is Middle Jurassic reservoir rocks. Operator is Wintershall, and the well will be drilled by the semi-submersible drilling unit ‘Songa Delta’.
The agreement is subject to approval by Norwegian authorities and the license partnership.