PL 348 - Divested

5% interest was obtained through an agreement with Endeavour Energy Norge AS (now VNG Norge AS). Exploration drilling took place in 2008 and 2009 resulted in a discovery of gas and another discovery of oil. A potential development will be subsea satellites to existing infrastructure in the immediate vicinity. PL 348 is sold to Statoil with effect from 1st January 2010.

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