Det norske sells stake in PL 558 to Petrolia

Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Det norske oljeselskap ASA to purchase 10% in PL 558.

PL558 is located in the Norwegian Sea east and adjacent to the Skarv Field. The well will be spudded in the near future and is scheduled for 29 days.

The license was awarded in APA 2009. The licence has two prospects, Indigo and Terne.

E.ON Ruhrgas is the operator, with (30%) and license partners are  Det norske oljeselskap (20%), Petoro (20%) PGNiG Norway (15%) Nexen Exploration Norge (15%).

The transaction is pending approval from the authorities.