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Bridge Energy signs farm-down of NCS licence PL554


Published Feb 22, 2011
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Norwegian shelf-2

Bridge Energy has signed an agreement with Total E&P Norge for the farm-down of 40% working interest in PL554 and PL554B on the Norwegian Continental Shelf.

After the transaction, Bridge Energy Norge AS holds a 20% interest in PL554 and PL554B.

The agreement assumes transfer of operatorship to Total E&P Norge AS. Completion of the transaction is subject to consent by the license partners, the Ministry of Petroleum and Energy and the Ministry of Finance.

Tags: Bridge Energy



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