Spring Energy prequalifies as a licencee

The Ministry of Petroleum and Energy (MPE) has prequalified Spring Energy as a licensee on the Norwegian Continental Shelf (NCS).

“This is an important milestone for Spring Energy. The prequalification as a licensee is a recognition by the Norwegian authorities that Spring Energy will be able to contribute to increased value creation on the NCS. Furthermore, this enables us to be awarded licenses in the upcoming APA 2008 and the 20th concession round in addition to pro-actively participate in the asset transaction market,” states Roar Tessem, CEO of Spring Energy.