Petrolia NOCO AS is pleased to announce it has entered into two farm down agreements with Equinor Energy AS.
PL1013 and PL1013B
Petrolia NOCO will farm down a 40% participating interest of its 60% interest in its two exploration licenses PL1013 and PL1013B, where the exploration well Rafiki is planned to be drilled in 2023. As a part of the agreement Equinor Energy AS will assume operatorship of the licenses from Petrolia NOCO AS.
Petrolia NOCO will farm down a 10% participating interest of its 20% interest in PL935 where the exploration well Bounty is due to be drilled in the first half of 2022.
Both agreements are subject to license and regulatory approval.
More information can be obtained from Robert Arnott, Executive Chairman of Petrolia NOCO AS. Telephone: +44-7775 818890, firstname.lastname@example.org