Discover success in the 20th round award

"We are very satisfied with the award, and the promising licenses add a significant value to the company, exploration director Yngve  Vassmyr quotes". The competition of the most interesting areas has been hard, and the successful award is a strong signal of a high quality application. "Discover has established a strong and highly competent organization, and the award contributes to maintain our ambitions and activity in the High North, Mr. Vassmyr says".

In two of the licenses (PL 536 and 538),  3D seismic will be acquired before a drill and/or drop decision. In PL 530 which is located close to the Nucula oil discovery in the Barents Sea, an exploration well will be drilled within 2 years.

Detailed map of the awards ( PDF)

Press release from Ministry of Petroleum and Energy