Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Read more...
Oslo, Norway, 24 February 2015 – Lime Petroleum Norway AS ("Lime Norway") has entered into an agreement with Lundin Norway AS (''Lundin'') to acquire 30% interest in licence PL338C in the North Sea. Following this and other pending transactions, the ownership will be Lundin operator 50%, Lime Petroleum 30% and OMV 20%. The transfer is subject to authority approval.
Oslo, Norway 23 February 2015 - Lime Petroleum Norway AS (‘’Lime Norway’’) has entered into an agreement with Tullow Oil Norge AS (Tullow) to acquire an additional 20 per cent stake in licences PL591, PL591B and PL591C in the Norwegian Sea. Following the transaction, the ownership will be Tullow operator 60%, Lime Norway 25% and North Energy 15%. The transfer is subject to authority approval.
Oslo, Norway, 21 January 2015 – Lime Petroleum Norway AS ("Lime Norway") has been awarded one new offshore licence in the 2014 Awards in Predefined Areas ("APA 2014") round. The licence is PL591C, and will be an addition to the existing licence PL591 held by the same partnership which comprises the parties Tullow Oil Norge AS (operator) holding a 80 per cent stake, North Energy ASA ("North Energy ") holding a 15 per cent stake and Lime Norway holding a 5 per cent stake. PL591C covers flock 6507/11 and is located in the Norwegian Sea. The Zumba prospect in PL591 is scheduled for drilling in mid 2015 and the new licence secures an extension of this prospect.
5 per cent stakes in PL591 and PL591B bring Lime Petroleum Norway AS’ number of licences to 16
Both licences have been scanned with Rex Virtual Drilling
Exploration drilling in these licences expected to commence in first half of 2015
Oslo, Norway, 5 June 2014 – Lime Petroleum Norway AS (“Lime Norway”) or the“Company” is pleased to announce that it has signed an agreement with North Energy ASA (“North Energy”) to acquire 5 per cent stakes in two additional licences in Norway, PL591 and PL591B.
Lime Petroleum is a small, dynamic exploration oil company. Since the company was established in 2011 we have secured an attractive license portfolio in the Middle East and Norway. Our 3 major share holders are...
Lime Petroleum explores for oil by combining best practice exploration methodology with our own proprietary technology and work processes. We seek to explore our licenses in an expedient and efficient manner.
Since 2010, Lime Petroleum has acquired licenses in the Middle East and Europe for offshore and onshore exploration. In March 2011 Rex Oil & Gas acquired offshore Block 50 in Oman and offshore...