March 11, 2019 / 11:49 AM / 4 months ago

DEA, Edison and Petoro align stakes in two licenses off Norway

OSLO (Reuters) - DEA, Edison and Petoro have agreed to align their stakes in two adjacent production licenses in the Norwegian Sea, including the Dvalin gas development, DEA said on Monday.

Operator DEA will hold 55 percent, Petoro 35 percent and Edison 10 percent in production licenses PL211 and PL435.

DEA previously had a 100 percent stake in the PL211, where it plans to drill an exploration well in 2020.

Reporting by Nerijus Adomaitis, editing by Terje Solsvik

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