PRE-QUALIFIED AS OPERATOR
Spring Energy, Press release, 18 May 2009.
The Ministry of Petroleum and Energy (MPE) has pre-qualified Spring Energy as an operator on the Norwegian Continental Shelf (NCS).
The pre-qualification as operator is an important milestone for Spring Energy and a recognition by the authorities that Spring Energy is capable to take on more responsibility as an active and competent player on the NCS.
END
Dated: 18 May 2009
Spring Energy Norway AS
For further information contact:
Roar Tessem, CEO, Spring Energy
Mob: +47 90666764
Or
John Magne Birkeland, HSE&Q Manager, Spring Energy
Mob: +47 91345602
About Spring Energy:
Spring Energy is an Oslo-based independent Norwegian upstream oil and gas company actively pursuing growth opportunities in both mature and immature areas on the Norwegian Continental Shelf (NCS).
Spring Energy will participate in exploration, appraisal and development projects on the NCS with the objective of developing a risk balanced portfolio. To secure an optimal mix of assets, the company will seek to develop its portfolio through licensing rounds as well as pro-active participation in the transaction market.
Spring Energy is financially backed by HitecVision, assisting the company in achieving its goal to develop a first class exploration and production company over the next few years.
Spring Energy currently has a team of 23 highly competent employees.