Bayerngas Norge will be participating in the drilling of the Megalodon exploration prospect offshore Norway after agreeing to take a stake in the licence from ConocoPhillips. Bayerngas will acquire a 10% stake in Production Licence 331 (PL 331) and 30% in PL 404 located in the southern part of the Norwegian North Sea. PL 331 was awarded in December 2004 and expires in December 2011.
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