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Denmark Licences 02/05 and 01/11
Current Ownership / Partnership:
- Norwegian Energy Company (Noreco) Operator 47%
- Elko 33%
- Danish North Sea Fund (Danish Government Entity) 20%
License Summary:
- Situated up-dip of mature Jurassic source rocks in the Danish Central Graben (source of major North Sea producing fields)
- Licence 02/05 was awarded on 6th October 2005
- Licence 01/11 was awarded on 1st February 2011
- 6 exploration term, 30 year exploitation term
- Licence 02/05 extended to 2013
- The area consists of a number of structures with exceptionally large prospective resource potential
Aims, commitments and work program:
- Test the overall Rotliegendes play concept through the first well ‘Luna’ to be drilled in 2011
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