Award of Production Licence
2009年5月1日 - 11:08PM
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RNS Number : 6134R
Genesis Petroleum Corporation PLC
01 May 2009
Genesis Petroleum Corporation Plc
("Genesis")
Award of Production Licence
Genesis announces today that Genesis Petroleum Norway AS ("Genesis Norway"), a
wholly-owned subsidiary of Genesis, has been awarded an interest in one
Production Licence offshore Norway, by the Ministry of Petroleum and Energy in
relation to the 20th Licensing Round.
Genesis Norway's participation is as follows:
Blocks 6201/11 & 12 (parts)
Genesis Norway 20%
Spring Energy 20%
Noreco 20%
Lundin 40% (Operator)
The Licence covers Blocks 6201/11 & 12 (parts) and extends to approximately 515
square kilometers. It is located approximately 60 Km north of a world class oil
province comprising the UK Magnus and Penguin fields and the Norwegian Snorre,
Gullfaks, Statfjord N and Borg fields which all represent analogues to the
prospectivity defined in the Licence. The operating group has committed to drill
an exploration well within 2 years.
Genesis has already been awarded adjacent licences in the UK sector and this new
Licence is complementary from a technical and strategic perspective. Analysis by
Genesis Norway of existing 2D and 3D data shows prospectivity in the Triassic,
Upper Jurassic, Upper Cretaceous and Tertiary.
Michael Haagaard, Managing Director of Genesis Norway, commented:
"I am very pleased with this award which has been achieved in a very competitive
environment; it ultimately endorses the quality of our technical work and
focused strategy.
The well commitment is a very positive development for Genesis and does not
challenge our financial resources.
Block 6201/11 has significant prospectivity associated with the 6201/11-1 oil
and gas discovery well drilled in 1987 and we look forward to unlocking this
potential with our partners and creating value for our shareholders in the near
future".
Genesis Petroleum Corporation Plc
Gerry Harrison Tel: +44 (0) 1959 567450
Email: mail@genesis-petroleum.com
Genesis Petroleum Norway AS
Michael Haagaard Tel: +47 66 76 9800
Email: mail@genesis-petroleum.com
Pelham Public Relations
Charles Vivian Tel: +44(0) 20 7337 1538
Email: charles.vivian@pelhampr.com
Evgeniy Chuikov Tel: +44 (0) 20 7337 1513
Email: Evgeniy.chuikov@pelhampr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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