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  • ENGIE E&P Norge sells share in license 636
    édité le 10/02/2016 - Plus de news de "ENGIE" - Voir la fiche entreprise de "ENGIE"

ENGIE E&P Norge sells share in license 636
ENGIE E&P Norge has completed the sale of a 20 % participating interest in License 636 in the North Sea. The partnership is to drill the prospect Cara this summer.

Wellesley has acquired a 20 % working interest in the license, which is located east of Gjøa in block 36/7 in the northern North Sea. The sale was completed 29 January.

ENGIE E&P Norge is by this reducing its interest in the license from 50 % to 30 %, balancing the company's ownership between the Gjøa- (PL 153) and Cara- (PL636) licences, while reducing the financial exposure.

The PL636 work programme is one firm well, and the exploration well is scheduled to be drilled this summer.

The operation will be conducted with the semi-submersible drilling rig Transocean Arctic.

In case of a commercial discovery, Cara is a potential tie-back to the Gjøa platform, which is operated by ENGIE E&P Norge.

License partners in PL 636 following this transaction are:
- ENGIE E&P Norge AS (30 % and operator)
- Idemitsu Petroleum Norge AS (30 %)
- Tullow Oil Norge AS (20 %)
- Wellesley Petroleum AS (20 %).


ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

About Wellesley Petroleum

Wellesley Petroleum is focused on hydrocarbon exploration in Norway. Through an investment agreement with Bluewater Energy and affiliates, we have access to an equity line of up to $250 million. The Company has built a team of highly experienced oil finders and is prequalified to participate in exploration licences in Norway. We access exploration projects through licensing rounds, farm-ins and acquisitions and are actively seeking new venture opportunities.

Origine : Communiqué ENGIE

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