Ministry Requests Joint License Development

摘要

Norway's Petroleum & Energy Ministry has requested that the partners in licenses PL338 (contains the Luno find) and PL001B (contains the Draupne find) coordinate a joint development solution, said Lundin Petroleum, operator of PL338.Lundin agreed with the conclusions of the Ministry and said certain joint development solutions will provide material cost savings to all stakeholders. Lundin has proposed to the Draupne license holders, prior to receipt of the letter from the Ministry, commercial solutions for a joint development.