North Energy has been awarded a partnership in two new licences on the Norwegian Continental Shelf. With this new award, the company has 25 licences and two operatorships.

This became clear after the authorities today announced the annual awards of blocks on the Norwegian Continental Shelf through the APA scheme (Awards in Predefined Areas).

• We are very pleased to have succeeded so well with our APA application for 2011. We won two of the three licences we wanted. These awards are a recognition of our work and investment in exploration, says North Energy CEO Erik Karlstrøm.

The awards announced today consist of the following licences:

PL656 - blocks 6610/2, 6610/3, 6611/1 and 6611/2, which are located farthest northeast in the Nordland III area in the Norwegian Sea.

PL616 - blocks 2/7, 2/10 and 2/11 in the southernmost part of the North Sea.

North Energy has participated actively in all licensing rounds since the company started, and has won awards in each round. Work is still ongoing in all licenses. No licenses have been returned to the state.

Contact persons:

Erik Karlstrøm, CEO
Mob: (+47) 476 52 990  E-mail: erik.karlstrom@northenergy.no

Erik Henriksen, Exploration Manager
Mob: (+47) 957 27139  E-mail: erik.henriksen@northenergy.no

Kristin Ingebrigtsen, Director of Strategy & Public Relations

Mob: (+47) 926 05601 E-mail: kristin.ingebrigsten@northenergy.no

Siw Sandvik, Communication Manager

Mob: (+47) 947 93075  E-mail: siw.sandvik@northenergy.no