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Maersk Oil awarded new licenses in Norway

Maersk Oil, A.P. Moeller-Maersk's oil division, has been awarded five new opportunities to find oil in the sea off the coast of Norway.

Photo: Maersk Oil

Maersk Oil can tick off five new licenses in Norway, as Maersk Oil Norway has been awarded stakes in five oil licenses - as operator in one of the licenses - in the latest Norwegian concession round, TFO 2013.

The fields include two in the North Sea, where the Maersk company becomes operator in PL732 with a 60 percent ownership stake, in a partnership with Suncor. Maersk Oil will own 35 percent of PL728, while Dong Energy gets 45 percent and Petoro the remaining 20 percent.

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