Oil and gas group Nordic Energy has launched a bid to expand the company’s presence in the North Sea after making a move for eight new blocks in the region.
The firm, launched in October 2012, has already taken a major stake in the largest Danish North Sea licence but now wants to increase its influence with a move for eight blocks in the adjacent area.
An application has been made to the Danish Energy Agency for a new exploration and production licence under the Danish Open Door policy.
“Since the acquisition of licence 1/13, in the Danish North Sea in September last year, we have been evaluating the existing data over the Licence area and believe this area to be highly prospective, with several different play types and potential reservoir levels,” said Nordic chief executive Rudolf Kleiber.
“As the Company continues to explore the potential in Licence 1/13, the directors believe the acquisition of the adjacent blocks will expand Nordic’s high potential licence portfolio.”
The company’s existing licence covers a 3600 square km area of the Danish North Sea, thought to contain up to 2billion barrels of oil and a further 2,750 billion cubic feet of gas.
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