Comprehensive APA 2008 application

From April 2008, Discover Petroleum AS has acquired exclusive electromagnetic data in blocks which are open for the APA 2008. "The results are very encouraging" Exploration director Yngve Vassmyr says. The results have been used to mitigate exploration risk and to prioritize the most promising acreages.

"The company has 7 licenses in the Norwegian Sea and the Barents Sea inclusive one operator ship in the Norwegian Sea, and we have the ambition to increase the portfolio with high quality assets on the Norwegian continental shelf",  Mr. Vassmyr continues.

The objective is to become operator for new licenses in the Barents Sea as well as in prioritized areas in the North Sea. "We have great expectation to the award which is expected December 2008/Januar 2009, and we do hope that the authorities credit companies which contributes with new technology and new ideas", Vassmyr quotes.