'These awarded licences support our long-term commitment to further growth on the NCS and prove the authorities' continued confidence in DEA's ambitions and competencies', said Hans-Hermann Andreae, Managing Director of DEA Norge.

The following licences were awarded to DEA Norge:

Norwegian Sea: PL 896, DEA 40% (operator), Statoil 20%, Lundin 20% and Petoro 20%

North Sea: PL 782SC, DEA 20%, ConocoPhillips 40% (operator), Aker BP 20% and Statoil 20%

Awards in Predefined Areas is the annual licensing round for award of licences in mature areas on the Norwegian Continental Shelf. The APA system was established in 2003.

Further information

Olaf Mager
Head of External Communications
T +49 40 6375 2877
M +49 162 273 2877

Frank Meyer
Manager External Communications
T +49 40 6375 2759
M +49 162 273 2559

Background information

DEA Norge has a solid and promising licence portfolio with assets in all major phases in the North Sea, the Norwegian Sea as well as in the Barents Sea. DEA operates the Dvalin development, is partner in 12 producing fields as well as in promising discoveries, like Alta, Snadd, Snilehorn or Skarfjell. Furthermore, DEA holds interests in attractive exploration licences as operator and partner on the NCS. DEA has been present in Norway via its subsidiary DEA Norge for more than 40 years.

DEA Deutsche Erdoel AG is an international operator in the field of exploration and production of crude oil and natural gas based in Hamburg. Its focus is on safe, sustainable and environmental conscious exploitation of oil and gas. DEA has 118 years of experience working along the whole upstream value chain as operator or project partner. With a staff force of 1,350 employees, DEA has shares in production facilities and concessions in, among others, Germany, Norway, Denmark, Egypt and Algeria.

DEA Deutsche Erdoel AG published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 14:26:03 UTC.

Original documenthttp://www.dea-group.com/en/press-releases/dea-awarded-two-new-licences-norway

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