VNG Norge has been awarded 30% in PL958 through the 24th licencing round.
Shell is operator with 50% and Petoro is awarded a partnership share of 20%.
"We are very satisfied with the award, particularly when we take into account that we were not on the original list of applicants. We were invited into the application by operator Shell," comments Erling Bergfjord, Director Exploration.
About VNG Norge
VNG Norge AS is a wholly owned subsidiary of Leipzig-based VNG – Verbundnetz Gas AG, and is responsible for the VNG Group’s oil and gas production. The VNG Group is active throughout the value chain of the German and European natural gas industry and focuses on the four key business areas of exploration and production, trading and services, transport, and storage.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.
About Petoro
Petoro is a state-owned limited company which manages the SDFI in the Norwegian oil and gas sector. These holdings comprise a third of Norway’s oil and gas reserves and associated facilities.