DEA has recently acquired participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from Engie E&P Norge AS and thereby strengthening its position in Norway.
âAll together the acquisition adds approximately 45 million barrels o.e (mmboe) in reserves and contingent resources to DEA. This acquisition has attractive economics and establishes DEA as one of the major players in the area and confirms our commitment to growth in Norwayâ?, said Hans-Hermann Andreae, Managing Director of DEA Norge AS.
The agreement with Engie E&P Norge AS includes: 20% in the Njord field (PL107 and PL132), 10% in the Hyme field (PL348), 10% in the Snilehorn discovery (PL348B), 15% in the Noatun discovery (PL107B and PL107D) and 20% in the North Flank discovery (PL107C).
The Njord Area is one of the key areas for DEA in Norway. âThese new additions to our portfolio further builds on a strong and diversified asset base in Norway. It is another milestone in our strategy which is structured in organic growth as well as M&A activitiesâ?, said Thomas Rappuhn, CEO of DEA Group.
