Endeavour has announced that its subsidiary, Endeavour Energy Norge, has won interests in two production licenses on the Norwegian Continental Shelf as part of the Awards in Predefined Areas 2007 licensing round conducted by the Ministry of Petroleum and Energy.
Endeavour was awarded a 20% interest in production license (PL) 457 which includes part of block 16/1 and a 25% interest in PL453S containing part of each of the following blocks: 8/4, 8/5, 8/7, 8/8, 8/9, 8/11 and 8/12. The total gross acreage included in these licenses is 538,000 acres bringing the company’s total Norwegian acreage to 1.42 million acres.
Endeavour currently holds interests in two producing fields and 14 production licenses in Norway and as part of its overall exploration program plans to drill up to six exploration wells on the Norwegian Continental Shelf in 2008 and into 2009.