The Norwegian Ministry of Petroleum and Energy has awarded the oil company Front Exploration a new production license on the Norwegian continental shelf.
Today the Norwegian Ministry of Petroleum and Energy received Front Exploration’s proposals regarding which areas that ought to be included when the authorities later this year will announce new licenses for activity on the Norwegian continental shelf.
Styreleder Tor Lægreid, oljeselskapet Front Exploration AS
«Nå, har du bestemt dæ for ka du ska studere når du er ferdig på videregående til våren?» Jula er tid for familiesammenkomstene, møtene mellom generasjonene og for mange unge er det tid for revolverintervjuene fra de eldre.
Yngve Vassmyr, CEO of Front Exploration is looking forward to the answers regarding their application for new licenses on the Norwegian continental shelf, even when the exploration drilling on the Zapffe-prospect has not revealed the results expected.
October the 5th. hosted the University of Tromso, the annual Arbeidslivsdagan. And this year as last year, we participated with several people from FrontX.
Yngve Vassmyr, CEO of Front Exploration keeps looking forward, even though one of this autumn’s two drillings has not yielded the desired results so far.
Front Exploration AS is pleased to inform all of the shareholders that on September 22nd, 2011, Front Exploration signed an agreement where all of Front Exploration’s rights and obligations in the Borgland Dolphin consortium were assigned (transferred) to Statoil Petroleum.
DONG E & P Norway AS got the permission to exploration drilling of in the well 7121/9-1 in the Zapffe prospect (PL 518). The drilling start in the well is scheduled to October 2011.
Front Exploration AS announces that its two largest shareholders are committing additional capital to fund activities for the next three years. At the same time the company has applied to the Norwegian Ministry of Petroleum and Energy for new licences.