Back top list

Fortis Awarded Four Licences In APA 2016 Licensing Round

Fortis Petroleum Norway AS Awarded Four Exploration Licences in the Norwegian APA 2016 Licensing Round

Fortis is pleased to announce that it has been awarded participating interests in four exploration licences in the Norwegian APA 2016 Licensing Round:

PL 860 (Blocks 2/6, 9 & 3/4)
Fortis       20%
MOL         40% and Operator
Statoil       20%
Petoro      20%

PL 869 (Blocks 24/9 & 25/7)
Fortis       20%
Aker BP    40% and Operator
Lundin      20%
Point         20%

PL 872 (Block 25/1)
Fortis       40%
Aker BP    40% and Operator
MOL          20%

PL 893 (6608/9 & 6609/7)
Fortis       40%
Aker BP    60% and Operator

Michael Haagaard, CEO of Fortis, comments:
“This is excellent news for Fortis. The four licences, awarded in a highly competitive environment, is the result of a very focused and targeted application from the company. The licences represent a number of very exciting exploration opportunities mainly close to existing infrastructure in our core focus areas and we look forward to creating and unlocking value with our partners.”

Notes to Editors:

Fortis currently holds working interest positions in 20 exploration licences across offshore Norway, including the Central and Viking Grabens, the Stord Basin, and the Nordland Ridge.

Fortis was founded in April 2010. The company focuses on creating value via exploration by utilising leading edge geophysical technology to identify and de-risk prospects. Its primary focus is new and revitalised play concepts in mature areas. The company has access to more than 280,000 km2 of state of the art 3D seismic in NW Europe, which provides a unique regional perspective and allows the company to:

  • Establish new and challenge established play concepts based on a super regional 3D data base
  • Increase exploration activity in mature as well as under-explored areas
  • Optimise and de-risk the exploration process
  • Create value for stakeholders

Fortis is financially backed by Seacrest Capital Group. Seacrest Capital Group is a leading independent energy investor specialising in offshore oil and gas investments, leveraging its proprietary assets, relationships and operational and technical capabilities to build a diversified, global portfolio of regionally focussed oil and gas companies. Since 2010, Seacrest has invested in a number of successful upstream oil and gas companies in the United Kingdom, Norway, West Africa, Ireland, South East Asia and South America. As a result of Seacrest’s support, Fortis is in a strong position to take advantage of and build on further opportunities as they arise on the Norwegian Continental Shelf.

  • Fortis Petroleum Corperation
  • Michael Haagaard
  • +47 918 70 700
  • Vigo Communications
  • Patrick d'Ancona / Chris McMahon
  • +44 (0)20 7016 9670