Aker Exploration to acquire interest in Lundin operated license

Aker Exploration will acquire a 10% interest in the license from Lundin Petroleum and a 20% interest from Endeavour Energy Norge.

Following the transaction, Lundin Petroleum will retain a 50% license interest and Endeavour Energy will hold 20%. The transaction is subject to approval by Norwegian regulatory authorities.

Aker Exploration will also supply the Aker Barents drilling rig to drill the Aegis prospect in PL304. The rig is owned by Aker Drilling and is a sixth-generation semi-submersible drilling rig. Drilling of the exploration well is expected to begin in late 2008.

Sign up for our weekly news round-up!

Give your business an edge with our leading industry insights.

Sign up