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May 22, 2015 2:52 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Total E&P Norge AS

Company Overview

Total E&P Norge AS, an oil and gas company, explores for and produces hydrocarbons on the Norwegian Continental Shelf. It holds exploration licenses and operatorships in the North Sea, the Norwegian Sea, and the Barents Sea. The company is based in Stavanger, Norway. Total E&P Norge AS is a subsidiary of TOTAL S.A.

Finnestadveien 44

Dusavik

Stavanger,  4029

Norway

405 Employees

Phone:

47 51 50 30 00

Fax:

47 51 72 66 66

Key Executives for Total E&P Norge AS

Managing Director and Director
Deputy Managing Director
Head of Cessation Project
Exploration Manager and Head of Geoscience
Administration Manager and Human Resources Manager
Compensation as of Fiscal Year 2014.

Total E&P Norge AS Key Developments

Ithaca Energy Inc. Announces Trell Oil Discovery

Ithaca Energy Inc. announced that the TOTAL E&P Norge AS operated exploration well 25/5-9 on the 'Trell' Prospect in licence PL102 F/G in the Norwegian North Sea has discovered oil in the Paleocene Heimdal Formation. The well intersected 19 metres of net pay in excellent quality Heimdal reservoir, in a location close to existing infrastructure. Wireline logs and pressure data have confirmed a hydrocarbon contact and samples of oil and water were acquired for further analysis. Preliminary estimates made by the Operator place the size of the discovery at between 3.1 and 12.5 million barrels of recoverable oil. Ithaca entered into an agreement with TOTAL in December 2013 to acquire a 10% working interest in licences PL102 F/G. Completion of the transaction is currently progressing through the normal regulatory consents. The agreement is consistent with Ithaca's strategy in Norway of gaining access to lower risk exploration opportunities capable of monetisation prior to development. The PL102 F/G licensees are TOTAL 40%, (operator), Petoro 30%, Lotos Exploration and Production Norge 10%, Det Norske Oljeselskap 10% and Ithaca 10%. The well was drilled to 2240 metres true vertical depth subsea and encountered a 21 metre gross oil column. The discovery was made in a mature area of the Norwegian North Sea, within approximately 10 kilometres of the Heimdal production hub.

North Energy ASA, Total E&P Norge, Ithaca Petroleum Norge, Statoil, Det Norske and Rocksource Exploration Norway Provide Update on Norvarg Appraisal Well

North Energy ASA announced that the appraisal well (7225/3-2) being drilled on the Norvarg discovery, located in PL 535 in the Norwegian sector of the Barents Sea, has confirmed the presence of hydrocarbons in the Kobbe formation based on the results of wire line logs and formation tests and cores. The partnership has decided to perform a drill stem test (DST) on the well to assess the quality of the Kobbe reservoir and the volume potential in the northeastern part the Norvarg closure. Appraisal drilling operations commenced on 25 April 2013. The well is being drilled using Ocean's Leiv Eiriksson semi-submersible rig. The well is located in 377 metres of water, approximately 275 kilometers north of the Hammerfest LNG plant on Melkya. The partners in the licence are Total E&P Norge (operator - 40% interest), North Energy (20%), Ithaca Petroleum Norge (13%), Statoil (10%), Det Norske (10%), and Rocksource Exploration Norway (7%). Pending governmental approval.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 27, 2014
Total E&P Norge AS, Interest in Gina Krog Field and in Three Minor Fields
 

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